Cryptocurrency trading operates on exchanges, similar to stock exchanges. Many
exchanges use a tiered fee structure based on a percentage of the user's 30-day trading
volume. It is important to understand the fees associated with trading cryptocurrency in order
to create profit-maximizing strategies.
Cryptocurrency exchange fees can vary significantly depending on the exchange you use.
Some exchanges charge a flat fee for all trades, while others charge a percentage of the
trade amount. Some exchanges also offer discounts for users who hold certain types of
memberships or who trade large volumes.
Binance charges a fee of 0.1% for makers and takers on most trades, with discounts
available for users who hold the exchange's native token (BNB) or who trade large volumes.
BingX charges a fee of as low as 0.075% for makers and takers on most trades.
Please see the table below for a quick overview:
It's important to note that these fees are just examples and can change over time. Be sure to
check the current fee schedule for the exchange you're considering using. It's also a good
idea to compare fees across different exchanges to find the one that offers the most
competitive rates..