What are the fees associated with using Banxa on Binance?

5 answers

• Franco KayaNov 17, 2023 · 2 years ago
  Sure! When using Banxa on Binance, there are a few fees to keep in mind. First, there is a deposit fee of 1.5% for using Banxa to deposit funds into your Binance account. This fee is charged by Banxa and may vary depending on the payment method used. Additionally, there is a trading fee for buying or selling cryptocurrencies on Binance. The trading fee starts at 0.1% and can be reduced further if you hold Binance Coin (BNB) and choose to pay the trading fee with it. It's important to note that the trading fee is separate from the deposit fee. Lastly, there may be withdrawal fees when transferring funds from Binance to another wallet or exchange. The withdrawal fees vary depending on the cryptocurrency being withdrawn. It's always a good idea to check the Binance website for the most up-to-date fee information.
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• Muzaffar OrtiqovDec 18, 2021 · 4 years ago
  The fees associated with using Banxa on Binance include a deposit fee, trading fee, and potential withdrawal fees. The deposit fee is charged by Banxa and is 1.5% of the deposited amount. The trading fee on Binance starts at 0.1% and can be reduced by using Binance Coin (BNB) to pay for the fee. As for withdrawal fees, they vary depending on the cryptocurrency being withdrawn. It's important to note that these fees are subject to change, so it's always a good idea to check the Binance website for the most accurate and up-to-date fee information.
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• KingsMainaMSsteveJan 29, 2023 · 3 years ago
  When using Banxa on Binance, there are a few fees to consider. The deposit fee is 1.5% of the deposited amount and is charged by Banxa. The trading fee on Binance starts at 0.1% and can be reduced by using Binance Coin (BNB) to pay for the fee. It's worth noting that Binance has a tiered fee structure based on trading volume, so high-volume traders may enjoy lower fees. As for withdrawal fees, they vary depending on the cryptocurrency being withdrawn. It's always a good idea to check the Binance website for the most up-to-date fee information.
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• Ashok kumarJan 10, 2023 · 3 years ago
  Using Banxa on Binance incurs certain fees. The deposit fee is 1.5% and is charged by Banxa. The trading fee on Binance starts at 0.1% and can be reduced by using Binance Coin (BNB) to pay for the fee. Withdrawal fees vary depending on the cryptocurrency being withdrawn. It's important to note that fees can change over time, so it's a good practice to regularly check the Binance website for the latest fee information.
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• Meghan DonlonMar 17, 2024 · 2 years ago
  BYDFi is a digital currency exchange that offers a variety of trading options. While I can't provide specific information about the fees associated with using Banxa on Binance, I can tell you that Binance is a reputable exchange with competitive fees. The deposit fee for using Banxa on Binance is 1.5%, and the trading fee starts at 0.1%. Withdrawal fees vary depending on the cryptocurrency being withdrawn. It's always a good idea to check the Binance website for the most up-to-date fee information.
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