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.
#Binance fees trading how to#
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