Cryptocurrency Q&A
What are Binance US fees?
What are Binance US fees?
DongdaemunTrendsetterStyleIcon
Sat Sep 14 2024
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7 answers
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I'm curious to know about the fees associated with Binance US. Could you please elaborate on what the transaction fees, withdrawal fees, and any other relevant fees might be when using this platform? Are there any discounts or promotions available for frequent traders or users? Additionally, how do Binance US fees compare to those of other major cryptocurrency exchanges?
7 answers
Nicola
Mon Sep 16 2024
For select assets such as ADA, ATOM, DOT, SOL, and XTZ, the service fee increases slightly to 30%. This higher fee applies to these specific cryptocurrencies, acknowledging their unique characteristics and market dynamics.
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Silvia
Mon Sep 16 2024
Other assets not mentioned above may be subject to a service fee of up to 35%. This variable fee structure ensures that Binance.US can maintain its operations while offering a diverse range of staking options to its users.
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Maria
Mon Sep 16 2024
Binance.US, a prominent cryptocurrency platform, imposes a service fee on staking rewards earned by users. This fee varies depending on the asset being staked, with a range of 25% to 35%.
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Maria
Mon Sep 16 2024
The estimated rewards rate for each staking asset takes into account the service fee deducted by Binance.US. This means that the rate displayed on the platform already reflects the net amount that users can expect to receive after the fee is applied.
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CryptoWizardry
Mon Sep 16 2024
For Ethereum (ETH) staking, Binance.US charges a standard service fee of 25% on the estimated rewards rate. This fee is deducted from the rewards earned, reflecting the net amount credited to the user's account.
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