Cryptocurrency trading involves the exchange of digital assets on online platforms known as cryptocurrency exchanges. These exchanges operate similarly to stock exchanges and allow traders to buy and sell cryptocurrencies using various fiat currencies or other cryptocurrencies. Many exchanges use a tiered fee structure based on a percentage of the user's 30-day trading volume. It is important to understand the fees associated with trading cryptocurrency in order to create profit-maximising strategies.
Cryptocurrency exchange fees can vary significantly depending on the exchange being used. Some exchanges charge a flat fee for all trades, while others charge a percentage of the trade amount. Some exchanges also offer discounts for users who hold certain types of memberships or who trade large volumes.
Here are the current cryptocurrency trading fees for Binance and BingX:
Binance: 0.1% for makers and takers on most trades, with discounts available for users who hold the exchange's native token (BNB) or who trade large volumes.
BingX: As low as 0.075% for makers and takers on most trades.
Please see the table below for a quick overview:
|
Exchange/ Fees |
Binance |
BingX |
|
Maker Fee |
0.1% |
0.075% |
|
Taker Fee |
0.1% |
0.075% |
It's important to note that these fees are subject to change and it is recommended to check the current fee schedule for the exchange you're considering using. It's also a good idea to compare fees across different exchanges to find the one that offers the most competitive rates.
