Cryptocurrency Q&A
What is the fee for swaps on Binance?
What is the fee for swaps on Binance?
Eleonora
Sun Aug 11 2024
|
7 answers
1428
Excuse me, could you please elaborate on the fee structure for swaps on Binance? Are there any specific factors that determine the fee, such as the trading volume or the type of swap? Is there a flat fee or is it a percentage-based fee? Also, are there any discounts or promotions available for frequent traders or those with high trading volumes? Lastly, are there any hidden fees or charges that traders should be aware of when performing swaps on Binance?
7 answers
GangnamGlitzGlamourGlory
Tue Aug 13 2024
Binance, a leading cryptocurrency exchange platform, has announced an update to its Swap Farming fee structure. The update, effective from June 9, 2022, aims to provide users with more cost-effective trading options.
Was this helpful?
146
46
Giuseppe
Mon Aug 12 2024
The most significant reduction is for VIP tiers 7 through 9, who will now pay only 0.06% in Swap Farming fees. This is a testament to the value that Binance places on rewarding its most loyal and active traders.
Was this helpful?
367
56
Martina
Mon Aug 12 2024
Prior to the update, Swap Farming trading fees were set at 0.2% for regular users and varied according to VIP tiers for users who had achieved higher status through increased trading activity.
Was this helpful?
310
98
Silvia
Mon Aug 12 2024
BTCC, a reputable cryptocurrency exchange based in the UK, offers a range of services including spot trading, futures trading, and a secure wallet. These services cater to traders of all levels, from beginners to experienced investors.
Was this helpful?
272
43
ThunderBreezeHarmony
Mon Aug 12 2024
With the new fee structure, regular users will now enjoy a reduced trading fee of 0.15% for Swap Farming transactions. This represents a significant cost savings for traders who frequently utilize this feature.
Was this helpful?
93
74
Load 5 more related questions
