What is Binance and how does it work?

Binance.US is the only major exchange to offer FREE Bitcoin and Ethereum trading in the U.S. Enjoy 0% fees on Tier 0 pairs and some of the lowest fees in the industry on the rest. Trading fees are determined by your 30-day trading volume*, calculated on a rolling basis every day at 8 p.m. EDT.

Is Binance a good crypto exchange?

Binance consistently ranks as the world’s top crypto exchange by trading volume, and the exchange often makes headlines with its innovative moves. If you want to try out Binance and its 400+ trading pairs, you can maximize your returns by paying attention to Binance fees. Binance charges no fee to deposit any cryptoasset.

Is there a fee discount on Binance?

Paying fees with BNB gives you a 25% fee discount. The base fee for trades on Binance is 0.1% for makers and takers. You can reduce that by 25% (that is, to 0.075%) if you hold BNB on Binance. If you hold BNB, Binance uses that for your fee by default. You can turn that setting off if you wish, so it’s a good idea to check periodically ...

What is Binance VIP 8?

The highest fee-discount level Binance offers (VIP 8) requires you to trade at least 150,000 BTC in volume over 30 days and hold at least 11,000 BNB. If you choose to pay your Binance fees in BNB, the VIP 8 level comes with a maker fee of 0.015% and a taker fee of 0.03%. You should generally take your crypto off of exchanges as soon as possible.