8/12/2023 0 Comments Binance fees.![]() ![]() The previous 30-day trading volume is used to group each customer into 10-level tiers titled VIP-0 through VIP-9. ![]() These include prior 30-day trading volume, BNB holdings, and whether or not they are makers or takers. All users trading assets on the platform get to enjoy this reduced rate given that they opt to pay for their trading activities using BNB.īinance considers a few factors when determining the fees to be paid by each of their customers for every trade. It is worth noting that Binance has offered to maintain its 25% discount that was only applicable in its second year. Binance would cease to offer any discount to its users starting in the fifth year onwards, even those that use BNB to pay for trading fees. In the first year of operation, the rate stood at 50%, then 25% the second year, 12.5% the third year, and 6.75% the fourth year. BNB is the native Binance exchange’s cryptocurrency used during the token sale to raise funds for developing and launching it.Īccording to the company’s white paper, Binance offers a tiered discount rate scheduled to be halved every year. What is DeFi? Liquidity Mining Explainedīinance exchange was launched in 2017 by Changpeng Zhao, and to encourage usage, it offered a 50% discount to its customers that opted to use Binance Coin (BNB) to pay for trading fees.How to Stake Cryptocurrency? Step-by-Step.How to Mint & Sell NFTs? Beginner’s Guide.Must-read Crypto Wallets Guide for Beginners.Best Cryptocurrency Exchanges – Top 7 Picks.How to Invest in Crypto? Complete Beginner’s Guide.eToro USA LLC does not offer CFDs, only real Crypto assets available. The value of your investments may go up or down. EToro is a multi-asset investment platform. ![]()
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