Your question: What is the trading fee on Binance?

Binance charges a fee of 0.1% for all trades. It also offers a 50% discount on fees for trades made using Binance Coin.

How are Binance trade fees calculated?

The calculation is simple: 200/100×0.10. You should first divide your order size (total) by 100 and then multiply it by your fee rate which is 0.10% in this case. Luckily, you can pay much lower fees than 0.1% and you don’t need a trading volume of more than 50 BTC to do that.

How do you avoid fees on Binance?

The other way to reduce your Binance fees is to increase your trading volume. Binance offers eight levels of fee discounts (VIP 1-VIP 8) depending on your 30-day trading volume (as measured in bitcoin). Each level also comes with a requirement that you hold a certain amount of BNB.

What are Binance us Fees?

Trading Fee

  • General: 0.1% spot trading fee; 0.5% Instant Buy/Sell fee.
  • By default, if you hold BNB in your account, your trading fees will be automatically deducted from your BNB balance. …
  • Trading fees are determined based on your trading volume over a 30-day period (in USD) and your daily BNB balance .
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What is the minimum trade on Binance?

Trading Rules

Pair Minimum Trade Amount Minimum Order Size
ETH/BTC 0.001 ETH 0.0001 BTC
LTC/BTC 0.01 LTC 0.0001 BTC
BNB/BTC 0.01 BNB 0.0001 BTC
NEO/BTC 0.01 NEO 0.0001 BTC

How safe is Binance wallet?

Binance and Trust Wallet share many core values, one of which is the absolute necessity of user protection. Trust Wallet is carefully designed to keep your funds safe. Furthermore, none of your personal data is ever collected or stored, so you know your identity is safe.

How do I get my money back from Binance?

  1. Visit https://www.binance.com and Log in to the Binance account.
  2. After the login, click on [Wallet] – [Spot Wallet ]on the upper right-hand side of the page. Then, click on [Withdraw] button on the right banner.
  3. Input the abbreviation or full name of a coin/token to withdraw, or select from the list.

29 июн. 2020 г.

Why is Binance banned in the US?

In July 2019, Binance gave its United States users 90 days to prove that they had not violated Binance’s terms of services, and if they could not provide evidence, then Binance barred them from trading and depositing on their exchange.

Does Binance report to IRS?

If you receive a Form 1099-K or Form 1099-B from a crypto exchange, without any doubt, the IRS knows that you have reportable cryptocurrency transactions. … Likewise, Coinbase, Kraken, Binance.us, Gemini, Uphold and other US exchanges do report to the IRS.

Does Binance have a fee?

Binance charges a fee of 0.1% for all trades. It also offers a 50% discount on fees for trades made using Binance Coin.

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Should I use Binance or Binance us?

The fees on Binance US are higher

Binance. US’s fees are higher for high-rollers. On Binance.US, traders with a monthly volume of less than $50,000 must pay 0.1% for both maker and taker fees, minus any discount offered for those who pay their fees in BNB, Binance’s own cryptocurrencies.

Can Binance withdraw to bank account?

Log in to your Binance account. Once you’re logged in, move your mouse to Wallet, and click on Fiat and Spot. … Select the fiat currency you’d like to withdraw and the payment method. Binance supports credit cards, debit cards, bank transfer, or cash balance.

How do you trade in Binance for beginners?

How to use Binance for Basic Trades

  1. Login to your Binance account. Nice and easy!
  2. Click on Exchange on the taskbar and select Basic.
  3. As you can see, Basic isn’t very basic!
  4. Choose a trading pair. Binance lists hundreds of trading pairs. …
  5. Choose which type of trade you want to make. …
  6. Choose the amount you want to trade.

19 июл. 2020 г.

What is Binance withdrawal fee?

Binance Withdrawal fees

If you withdraw BTC, you pay a small amount of BTC for the withdrawal. If you withdraw ETH, you pay ETH. … 0.0006 BTC per BTC-withdrawal. Binance charges 0.0005 BTC.

Can I trade on Binance?

It’s compatible with iOS, Android, as well as Mac and PC operating systems so just about anyone can place a trade or monitor their account from virtually anywhere. Binance offers a large selection of tradeable cryptocurrency markets. … Higher trading volume that most other cryptocurrency exchanges.

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