How much does it cost to trade cryptocurrencies on Binance?
Binance levies a fee of 0.1 per cent for platform trades, plus a charge of 0.5 per cent for instant buy and sell transactions, so costs vary depending on the value of the trade. Purchases made by debit or credit card attract a 4.5 per cent transaction fee. In contrast to most large exchanges, Binance publishes fee structures, which can vary between the status of the user account, their BNB balance, and the nature of the trade. Many exchanges do not openly disclose charges, but you can access the rates on Binance Trading Fees. Kraken is one of the main Binance competitors and charges between 0.16 and 0.26 per cent for professional accounts. Other recreational users pay 0.9 per cent fees for stablecoin transactions and 1.5 per cent for all other cryptocurrencies. BNB token holders also receive a 25 per cent discount on their transaction charges if they use the native token to cover account costs.