Binance Will Retain the 25% Trading Fee Discount When Using BNB For One More Year!

in #binance5 years ago (edited)

This is a piece of small but amazing news, especially for traders who prefer Binance. Personally, I love trading on this exchange as it works without hiccups. Reducing trading fee when you use BNB was good enough but now Binance is extending this for 1 more year.

binance .png

According to their update today:

In advance of our second anniversary on 2019/07/14, Binance extends our deepest gratitude for your continued support through this update.

Binance will retain the 25% trading fee discount for traders using Binance Coin (BNB) for at least one more year. From 2019/07/14 00:00:00 AM (UTC) to 2020/07/13 23:59:59 (UTC), the trading fee discount will remain at 25%, instead of the previous decrease to 12.5% as stated in our whitepaper.

I really hope they continue to keep their fees low. It really helps when scalping the market when you trade for low-profit percentages. 0.075% trading fees when using BNB has been great especially when I trade short time frames for low-profit percentages.

Remember, few other exchanges charge generally charger higher trading fees like 0.2% or high on buying and selling. So you incur 0.4% (plus or minus depending on their bid/ask fees) when you start and close a trade. In case you are new to crypto and trading, you may want to keep these things in mind when placing trades and booking a profit/loss.

I'm glad they are doing this. It's definitely going to help a lot of new traders trying to improve their game while keeping the profits lost due to trading fees on the lower end.


If you like my work kindly resteem it to your friends. You may also continue reading my recent posts which might interest you:

  1. Why You Should Vote For Firepower As Witness—Witness Campaign Post From India!
  2. Steem.Chat Contest #86

Follow Me: @firepower

Sort:  

Binance will retain the 25% trading fee discount for traders using Binance Coin (BNB) for at least one more year.

This is Awesome!

Wow,very good news.Thanks for sharing.

Wasn't that 50% earlier?

Although I don't scalp or day trade, I do hold a small amount of BNB solely for this purpose since the launch of this token. Only if I had bought a bag of it then, I might have became a whale here :)

Coin Marketplace

STEEM 0.35
TRX 0.12
JST 0.040
BTC 70597.89
ETH 3559.60
USDT 1.00
SBD 4.77