MultiversX Tracker is Live!

Binance Fees Calculation

Binance

Cryptocoins Exchanges / Binance 259 Views

Can anyone help me how does Binance calculate Maker/Taker Fees?

According to Binance for example one is buying 10 ETH then Trading fee = 10 ETH * 0.1% = 0.01 ETH

Source: Binance Website

But in few blogs I read

Suppose you have 250 USDT in your crypto wallet, which you intend to buy crypto. So what will be the trading fee that you’ll be charged?

Here’s a simple formula: (USDT amount that you’ll use / 100) * fees rate

Now, we have, (250/100)*0.10, which gives 0.25 USDT. Thus, you’ll be charged 0.25 USDT for using 250 USDT to buy Binance Coins (BNB). Simply put, by buying BNB with 250 USDT, you will get $249.75 worth of BNB.

Pleaseif anyone can guide me the actual way Binance calculate fees

submitted by /u/aduke7
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.



Comments