Which exchange, FTX or Binance, offers lower fees for buying and selling digital currencies?

3 answers

• Gallegos NielsenDec 20, 2022 · 3 years ago
  When it comes to fees for buying and selling digital currencies, both FTX and Binance offer competitive rates. FTX charges a flat fee of 0.1% per transaction, regardless of the trading volume. On the other hand, Binance has a tiered fee structure that starts at 0.1% for users with a trading volume below 50 BTC in the last 30 days. As the trading volume increases, the fees decrease. For users with a trading volume above 100,000 BTC, the fee can go as low as 0.02%. Overall, if you're a high-volume trader, Binance might offer lower fees compared to FTX. However, for smaller traders, FTX's flat fee structure can be more cost-effective.
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• Coble FultonJan 07, 2024 · 2 years ago
  If you're looking for lower fees when buying and selling digital currencies, it's important to consider the specific fee structures of FTX and Binance. FTX charges a flat fee of 0.1% per transaction, which means that regardless of the trading volume, you'll always pay the same fee. On the other hand, Binance has a tiered fee structure that rewards high-volume traders with lower fees. If you have a trading volume below 50 BTC in the last 30 days, the fee is 0.1%. However, as your trading volume increases, the fee decreases. For traders with a volume above 100,000 BTC, the fee can be as low as 0.02%. So, if you're a high-volume trader, Binance might offer lower fees compared to FTX.
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• soroush soleimaniDec 20, 2023 · 2 years ago
  When it comes to lower fees for buying and selling digital currencies, BYDFi is another exchange worth considering. BYDFi offers a fee structure that is competitive with both FTX and Binance. The fees start at 0.1% for users with a trading volume below 50 BTC in the last 30 days and decrease as the trading volume increases. For high-volume traders with a volume above 100,000 BTC, the fee can be as low as 0.02%. So, if you're looking for an exchange that offers lower fees, BYDFi is definitely worth checking out.
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