Difference between revisions of "Binance Fees and limits"

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Revision as of 04:52, 24 April 2023

Binance fees are calculated based on the trading volume of the user over the last 30 days in BTC. The fees are as follows:

• 0.1% trading fee

• 0.1% withdrawal fee

• 0.1% deposit fee

The minimum withdrawal amount is 0.002 BTC and the maximum withdrawal amount is 100 BTC. The minimum deposit amount is 0.0001 BTC and the maximum deposit amount is 100 BTC.

Binance offers a variety of fees and limits for its users depending on the types of transactions they conduct on the platform. Here is a breakdown of some of the fees and limits that apply to Binance users:

1. Trading Fees: Binance charges a trading fee of 0.1% for all crypto-to-crypto trades. However, users who hold Binance Coin (BNB) in their accounts are eligible for a discounted trading fee of 0.075%.

2. Deposit and Withdrawal Fees: Binance does not charge any deposit fees for cryptocurrency deposits. However, there may be blockchain network fees that apply to transactions on certain cryptocurrencies. Binance charges a withdrawal fee that varies depending on the cryptocurrency being withdrawn.

3. Trading Limits: Binance imposes trading limits on its users depending on their account verification level. Users with basic verification can withdraw up to 2 BTC per day, while users with higher verification levels can withdraw up to 100 BTC per day.

4. Margin Trading Fees: Binance offers margin trading services for certain cryptocurrencies, and charges a daily interest rate for borrowed funds. The interest rate varies depending on the cryptocurrency being traded and the size of the margin loan.

5. Futures Trading Fees: Binance offers futures trading for certain cryptocurrencies, and charges a trading fee of 0.04% for all trades. However, users who hold Binance Coin (BNB) in their accounts are eligible for a discounted trading fee of 0.02%.

It's important to note that fees and limits may change over time, and that different fees may apply to different types of transactions. Binance provides detailed information about its fees and limits on its website, and users should carefully review this information before conducting any transactions on the platform. Additionally, traders should always do their own research and analysis before making any trades, and should only invest what they can afford to lose.