How much are Binance fees Reddit?
I think the fee is 0.1% and 0.75% if you have BNB coins. There might be lower fees for premium customers, etc.
Also question is, does Binance have trading fees?
Crypto trading costs and transaction fees: Binance.US charges a flat 0.1% spot trading fee, which is lower than many other U.S. exchanges, including eToro (about 0.75% for Bitcoin trades) and Coinbase (which charges 0.5% for trading fees plus a flat fee of up to $2.99 per trade, depending on trade amount).
People also ask, how do you avoid fees on Binance?
There are two basic ways to reduce Binance trading fees. The first step occurs after you have a Binance account set up. Keep some BNB, or Binance Coin, in your account at all times and enable your fees to be taken from that. Doing so gets you a 25% discount on all of your trading fees.
Why are Binance fees so low?
Binance doesn't charge fees for deposits or withdrawals. This is because Binance only offers crypto trading. Handling cryptocurrency trades is a lot cheaper than handling fiat currency trades!
Binance strives to provide reasonable withdrawal fees to our users. However, withdrawal transactions to external crypto addresses typically incur a “transaction fee” or "network fee".
Binance said in an earlier statement Thursday that it blocks U.S. residents from its website and uses advanced technology to analyze deposits and withdrawals for signs of illicit transactions. ... Bitcoin fell after news of the Binance investigation was reported.
Binance vs Kraken cryptocurrency exchange overall score comparison reveals that Binance has a higher overall score of 9.6, while Kraken gathered an overall score of 9.1. If we look at the ease of use, it's clear that in this Binance vs Kraken comparison, Binance has better & smoother user experience than Kraken.
Binance Coin – or simply BNB crypto – is one of the most valuable cryptocurrencies in circulation… but it pales in comparison (at least in regard to value) with some of its big brothers. However, its worth lies in more than just its dollar value.
Binance vs. Coinbase: Fees
Although U.S.-based users will pay slightly more on Binance.US, it's still much cheaper than using Coinbase. On average, you'll pay 0.50% per Coinbase transaction plus extra convenience charges based on your payment method, so you might pay up to 4% per transaction.
You can deposit USD into your Binance account by making a SWIFT transfer to Binance Silvergate bank account in the U.S. ... You must have completed identity verification to deposit fiat currencies into your Binance account. Enter the amount of USD you want to deposit into your Binance account and click continue.
Best Cryptocurrency Exchange Platforms: First Look
- Best overall, low fees - Binance (or BinanceUS for US residents)
- Best customer service - Kraken.
- Best for beginners - Coinbase.
- Crypto meets forex - eToro.
- Simple brokerage service for popular coins - Coinmama.
- No ID required - Bisq.
- Attractive trading volumes - Bittrex.
Yes and no. Binance is definitely one of those exchanges that are taking their security seriously, and because of that, Binance is a great platform to use for trading cryptocurrencies. ... Hence, storing funds for long-term storage on Binance and any other exchange is a big no.
Hereby is their native coin (Binance coin) used for transactions. Seeing Binance is one of the biggest exchanges to date with many users, so is the binance coin (BNB) used quite frequently. This pushes its value upward and makes it “expensive”.
|Coin||Withdrawal Fee||Minimum Withdrawal Amount|
|ENG Enigma||FREE||$0.27 1 ENG|
|B BULL 3X Long Bitcoin Token||FREE||$0.004 1e-7 BULL|
|NEO Neo||FREE||$106.37 1 NEO|
|E ETHBEAR 3X Short Ethereum Token||FREE||$0.00000000002 0.00001 ETHBEAR|