Binance Fees and Their Structure – a Comprehensive Guide ...
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I had 92 BNB in the morning When I noticed BNB going down I sold all 92 BNB to BTC Then I bought again BNB with BTC Once again I sold BNB to BTC And for the last time I bought BNB again with all BTC Now I have only 90 BNB They say the fee is only 0.05% How did I lose 2 BNB ?
If you trade alt coins, I have something that could be of interest to you. TLDR: We use Binance’s referral program as a cash back system. You sign up with BinanceReferral.com to Binance, generate trading fees, we get half as trading commission, and we give half back to you on an ethereum address. This is equivalent to a 25% cash back on your trading fees on Binance. EDIT: Our members earned $100 on average in December 2017: read more here https://binancereferral.com/december-cashback What is Binance? You must know Binance by now, it’s been gaining popularity recently and it is justified: it is one of the best crypto exchanges out there for crypto to crypto. There are two reasons for its success:
Liquidity is good,
Trading fees are very low: 0.1% market maker and taker —> further reduced to 0.05% if you use the Binance token to pay for your trading fees (strongly recommended!)
This is simply the best out there if you are market taker, and otherwise for market making only ether delta for erc20 tokens is better with 0% trading fee - but etherdelta is not for everybody. Get 25% cashback on your Binance trading fees I would like to present a way to further reduce Binance’s trading fees using their Referral Program:
If you sign up with a referral link on Binance, 50% of your trading fees go to your referrer, 50% go to Binance, and you lose nothing.
If you don’t sign up with a referral link, 100% of your trading fees go to Binance.
Introducing BinanceReferral.com, which is basically a 25% cashback offer on your Binance trading fees. Let me explain how it works: We get 50% of your trading fee if you sign up with us on Binance, and from those 50% we keep 25% and pass 25% to you on a monthly basis. The cashback is paid on an ethereum address. What used to be the lowest trading fee of 0.05% is now even lower: 0.0375% is what you will effectively pay with our offer! Trust and security Crypto is a dangerous world where caution is paramount. This is why you have two ways to sign up on Binance referral through us:
Click on our link — perfectly safe but some might be a bit paranoid (it is good to be paranoid in this world)
Register directly on binance and put our referral code — this is bullet proof (see our website’s homepage).
We have 160 members who already trust us, and we have started sharing the trading commissions with them. How do we make sure you get the right cashback Binance gives us data on how much trading commission is generated by our referrals. The data is not the best, you only see the first two characters of your referee’s email, and you only see the last 100 transactions of all your referees. What we therefore do on BinanceReferral is we give you a personal area where you can safely upload your trading history, where we can see how much trading fee you have generated and therefore how much cash back you are owed. The data is only used for that purpose. We compare your data with our own data and if you see you are trying to cheat you will be banned. Conclusion If you are using Binance or want to use Binance, you should consider signing up with us to get best possible deal out there. Please do not hesitate to get in touch here or on BinanceReferral.com Happy trading!
Hi folks, hope someone can help me with that (maybe) noob topic: Let's say I buy a (numberwise) low count of a random coin, e.g. 25.000 RNG. Binace is now adding 25 RNG to my portfolio and deductes a fee as a fractal of RNG, in my example 0.025 RNG. Now I want to sell that 25 RNG but I will only see 24 RNG as my maximum available amount. Thus it seems binance has rounded down to 24, right? Is the common practice, and if yes, how to you handle respectively care about such deals, where rounding to whole numbers is a quite big issue in relation to the deal size. Hope I could make clear what I mean, as English is not my native...
[uncensored-r/CryptoCurrency] Binance trading fees - a little confused here
The following post by jrod2183 is being replicated because some comments within the post(but not the post itself) have been openly removed. The original post can be found(in censored form) at this link: np.reddit.com/ CryptoCurrency/comments/7nbf1h The original post's content was as follows:
So this is making me feel stupid but I can't figure it out so if anyone can clarify that would be great - I can't understand where the Fee for a trade (in this case ETH for TRX) is being applied. In my Order History, I have one item for a TRX/ETH trade, where I exchanged ETH for TRAX. The detail lists the following items: Trading Price: 0.00005621 Filled: 6,796.00 Fee: 6.79600000 TRX Total: 0.38200316 ETH The total ETH divided by the trading price is equal to the value in the Filled column. So where is the fee being extracted from? I feel like I'm missing something very obvious EDIT: Am idiot. It's taken from the Filled total - was looking at the wrong columns in my own tracking spreadsheet. Thanks for the help.
If you use BNB (Binance Coin) to trade ICX on Binance, trading fees are halved from 0.1% to 0.05% which makes it really worth it (considering Binance trading fees are already so low)! Just exchange BTC/ETH for some BNB after you are registered with Binance and toggle on "Using BNB to pay for fees" under the Account tab! PS: if you want to be kind please register for Binance using my referral link! https://www.binance.com/?ref=11270571 ! :) happy trading everyone!! after registering, you can have your own referral link to earn 50% commission so let's spread the love!!
For altcoin traders: get cashback on your trading fees at Binance
If you trade alt coins, I have something that could be of interest to you. TLDR: We use Binance’s referral program as a cash back system. You sign up with BinanceReferral.com to Binance, generate trading fees, we get half as trading commission, and we give half back to you on an ethereum address. This is equivalent to a 25% cash back on your trading fees on Binance. EDIT: Our members earned $100 on average in December 2017: read more here https://binancereferral.com/december-cashback What is Binance? You must know Binance by now, it’s been gaining popularity recently and it is justified: it is one of the best crypto exchanges out there for crypto to crypto. There are two reasons for its success:
Liquidity is good,
Trading fees are very low: 0.1% market maker and taker —> further reduced to 0.05% if you use the Binance token to pay for your trading fees (strongly recommended!)
This is simply the best out there if you are market taker, and otherwise for market making only ether delta for erc20 tokens is better with 0% trading fee - but etherdelta is not for everybody. Get 25% cashback on your Binance trading fees I would like to present a way to further reduce Binance’s trading fees using their Referral Program:
If you sign up with a referral link on Binance, 50% of your trading fees go to your referrer, 50% go to Binance, and you lose nothing.
If you don’t sign up with a referral link, 100% of your trading fees go to Binance.
Introducing BinanceReferral.com, which is basically a 25% cashback offer on your Binance trading fees. Let me explain how it works: We get 50% of your trading fee if you sign up with us on Binance, and from those 50% we keep 25% and pass 25% to you on a monthly basis. The cashback is paid on an ethereum address. What used to be the lowest trading fee of 0.05% is now even lower: 0.0375% is what you will effectively pay with our offer! Trust and security Crypto is a dangerous world where caution is paramount. This is why you have two ways to sign up on Binance referral through us:
Click on our link — perfectly safe but some might be a bit paranoid (it is good to be paranoid in this world)
Register directly on binance and put our referral code — this is bullet proof (see our website’s homepage).
We have 160 members who already trust us, and we have started sharing the trading commissions with them. How do we make sure you get the right cashback Binance gives us data on how much trading commission is generated by our referrals. The data is not the best, you only see the first two characters of your referee’s email, and you only see the last 100 transactions of all your referees. What we therefore do on BinanceReferral is we give you a personal area where you can safely upload your trading history, where we can see how much trading fee you have generated and therefore how much cash back you are owed. The data is only used for that purpose. We compare your data with our own data and if you see you are trying to cheat you will be banned. Conclusion If you are using Binance or want to use Binance, you should consider signing up with us to get best possible deal out there. Please do not hesitate to get in touch here or on BinanceReferral.com Happy trading!
Binance DEX (decentralized exchange) could kill the dominance of Bitcoin BTC, since all transactions are done on-chain. This will expose the flaw in BTC's small block size limit, and cause BTC transaction fees to skyrocket.
Currently, everyone holds Bitcoin BTC as their reserve trading currency. That's because:
BTC has legacy status as the default trading pair.
Trading costs at traditional crypto exchanges are the same, regardless of cryptocurrency. Ex: Binance trading fee is 0.1%, regardless of coin. That's because transactions are done off-chain.
But we've all known the flaw in traditional crypto exchanges: if the exchange collapses or disappears, you lose all your coins, since you don't have any seed words or private keys. With a DEX, you hold your seed words & private keys. If the exchange collapses or disappears, you should still be able to access your coins on the respective blockchains. If DEX exchanges take off, that could be a fatal blow to Bitcoin BTC's legacy status as a reserve trading currency. That's because:
Bitcoin BTC has a small block size limit, and can't scale on-chain, so as DEX trading volume increases, Bitcoin BTC's mempool & transaction costs will skyrocket, making it unusable.
RESULT: If decentralized exchanges - like Binance DEX - become popular, Bitcoin BTC on-chain transaction fees will become ridiculously expensive, and people will start looking for a new default cryptocurrency to hold / trade / spend. It will be the end of Bitcoin BTC dominance.
Binance DEX (decentralized exchange) could kill the dominance of Bitcoin BTC, since all transactions are done on-chain, where Bitcoin BTC transaction fees are 20-200 times more expensive than Bitcoin Cash BCH transaction fees.
Currently, everyone holds Bitcoin BTC as their reserve trading currency. That's because:
BTC has legacy status as the default trading pair.
Trading costs at traditional crypto exchanges are the same, regardless of cryptocurrency. Ex: Binance trading fee is 0.1%, regardless of coin. That's because transactions are done off-chain.
But we've all known the flaw in traditional crypto exchanges: if the exchange collapses or disappears, you lose all your coins, since you don't have any seed words or private keys. With a DEX, you hold your seed words & private keys. If the exchange collapses or disappears, you should still be able to access your coins on the respective blockchains. If DEX exchanges take off, that could be a fatal blow to Bitcoin BTC's legacy status as a reserve trading currency. That's because:
Bitcoin BTC's on-chain transaction costs are 20-200 times more expensive than Bitcoin Cash BCH's transaction costs.
Bitcoin BTC has a small block size limit, and can't scale on-chain, so as DEX trading volume increases, Bitcoin BTC's mempool & transaction costs will skyrocket, making it unusable.
I know we have issues with Binance (ticker symbols & no CashAddr support). But there's a good chance that Binance DEX could show the world the huge flaws in Bitcoin BTC's small block size limit. And when people are looking for a new default currency to hold / trade / spend, BCH will have an advantage since BTC & BCH are the only 2 coins with widespread retail support (supported by Bitpay the #1 payment processor).
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@binance: 🏆 Win up to $1,000 in $BNB daily! 🏆 The #Binance Futures #BTCUSD Quarterly Futures Trading Competition is now LIVE! 🔸 $200,000+ #BNB in prizes! 🔸 Trade 10+ contracts to enter daily lucky draw 🔸 Trade using #Bitcoin 🔸 Up to 0.015% maker fee rebates Start Trading Now! ⬇️
Fee Schedules for Trading on the Binance.US. 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. Binance Fee Example (Trading) Let’s assume that you buy one bitcoin for $7000. Your fee without applying BNB discount will be calculated as follows: 7000 x 0.1% (0,001) = $7. If you apply BNB discount and you hold fewer than 50 Binance Coins and your 30-day trading volume is less than 100 BTC, your trade commission will be as follows: 7000 x ... Binance is one of the best cryptocurrency trading platforms with lowest fees among some other exchanges in the market. It allows close to 0.1% trading fee for users with a monthly trading volume less than 50 BTC, and much more less for those trading higher than that volume. Trading Fees. If you are not using BNB (Binance Coin) to pay your trading fees, each trade will carry a standard fee of 0.1%. Using BNB for transaction fees applies a discount to your trading fee. By default, if you hold BNB in your account, your trading fees will be automatically subtracted from your BNB balance. (See: Using BNB for Fees) Fee Schedules for Trading on the Binance Exchange. Token margined with or without expiry dates and up to 125x leverage
$100 A Day Trading On Binance - Cryptocurrency Trading For ...
There are 3 things you can use to reduce Binance trading fees: 1. Increase Trading Volume and Hold BNB 2. Use BNB to Pay for Fees 3. Referral Kickback Discount (ID: FTR9BIDH) With these 3 tips you ... #EC24 #EarnCrypto24 #binance First Create Main Account with my Link Must Create New account transfer your coins from old account to New One trade and get Hug... Day Trading using Market Profile & Order Flow + An Intro to Market Making, Algo Trading, & Options - Duration: 1:45:09. The Crypto Entrepreneurs Podcast 5,069 views 1:45:09 Follow two simple steps and Decrease Your trading fee from 0.10% to 0.06% in simple we can say decrease up to 45% trade fee 1 Create new account with following link transfer coins from old account ... Binance - Fees & Support - Save Money Using BNB Coin!! ... What Crypto Trading Fees CryptoHopper and Cryptocurrency Exchanges Binance Coinbase Kraken Charge - Duration: 10:52.
