![]() Technically Binance.US is a different company and it's only available in 41 states, not all of America. were forced to move over the their sister exchange, Binance.US. Last year, Binance notified their users in the US that they can no longer use the exchange to buy and sell crypto. Keep reading to find out about these fees (and how to avoid them!) Vs. The fees that Binance offers are low and are very easy to understand, especially if you’re new to the world of cryptocurrency. One of the most talked-about features of Binance is their fees. It's a pretty solid exchange to buy/sell on.īinance is also the name of BNB, which is a type of crypto coin that’s used for Binance exchange.īut, how did this cryptocurrency exchange take over the crypto market so quickly? Mainly, trades on Binance take place via peer trading or P2P exchange. They have a competitive trading fee structure, a mobile app and even more advanced features like futures trading. Let’s get started! What Is Binance?īinance is one of the world’s largest cryptocurrency exchanges and has an average of $6 billion of assets traded every seven days! Launched in July 2017, the climb to the top of the cryptocurrency exchange world has been swift for Binance and their mobile app. In this guide, we’re going to talk about how Binance works and Binance fees. With Binance exploding in popularity over the last couple of months, we’re looking to teach you how this cryptocurrency can benefit you! With all of the cryptocurrency options available on the market, it can be difficult choosing the right type of exchange for your cryptocurrency needs. Well, I have also made this detailed video on Binance mobile app which you should check out.Did you know that Binance is ranked in the top five most popular cryptocurrency exchanges in the world, based on trading volume?īinance was launched in 2017 and the US counterpart, Binance.US came later in 2019 after US users were forced to leave the original crypto exchange. However, here at CoinSutra, we are doing our best to help you understand the different tricks and strategies you could follow to make life-changing money, and at the same time save money. Undoubtedly Binance is the best crypto exchange out there, and the kind of features it offers could be overwhelming for new users. Personally, I feel trick#1 and trick#2 are easy to pull off, and you should target that to lower down your fees by close to 35%. Now, you don’t need to be that kind of guy, and by following these strategies, you could lower down your trading fees on Binance. This is one feature a lot of Binance users are not aware of, and they end up paying significant fees on their every trade. With every VIP level increment, you will be paying fewer trading fees. To be honest, this feature is for heavy traders, but again if you are already trading in the likes of more than 50BTC in a month, you can add BNB to your account, and increase your VIP level. You can check the Binance VIP schedule here. ![]() This feature is best suited for those who are heavy traders, as you also need to hold a significant portion of the BNB token. Level up your Binance VIP level:īinance offers a VIP program that any user can use to lower down their trading fees. This feature can be enabled from the Binance dashboard. BNB is the native token of Binance exchange that would help you save up to 25% on your trading fees. After signing up and adding funds to your Binance account, you should buy some BNB.
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