#binancep2pantoan
@Binance Vietnam
3. P2P trading fees on Binance
One of the biggest advantages that makes P2P trading on Binance so popular is Binance’s extremely competitive trading fee structure. However, the actual cost is not only reflected in the listed fees but also hidden in the price difference (spread).
Actual costs when trading P2P
Binance does not charge a trading fee directly for both buyers and sellers on the P2P platform. This means P2P trading fees on Binance are 0% — a significant advantage over most other crypto trading platforms.
However, the real cost you need to pay attention to is the price difference (spread) between the buy and sell prices on P2P compared to the international market price. Typically, the P2P buy price in Vietnam is higher than the Spot price by about 0.3–1%, depending on the time and liquidity level. Conversely, the P2P sell price is usually lower than the Spot price by 0.2–0.8%. This spread is the merchant’s profit and also the “hidden fee” that users have to accept when using the P2P channel.
In addition, you may incur a bank transfer fee (depending on your bank and the service package you are using), but most domestic banks in Vietnam have already waived online transfer fees.
@Binance Vietnam
3. P2P trading fees on Binance
One of the biggest advantages that makes P2P trading on Binance so popular is Binance’s extremely competitive trading fee structure. However, the actual cost is not only reflected in the listed fees but also hidden in the price difference (spread).
Actual costs when trading P2P
Binance does not charge a trading fee directly for both buyers and sellers on the P2P platform. This means P2P trading fees on Binance are 0% — a significant advantage over most other crypto trading platforms.
However, the real cost you need to pay attention to is the price difference (spread) between the buy and sell prices on P2P compared to the international market price. Typically, the P2P buy price in Vietnam is higher than the Spot price by about 0.3–1%, depending on the time and liquidity level. Conversely, the P2P sell price is usually lower than the Spot price by 0.2–0.8%. This spread is the merchant’s profit and also the “hidden fee” that users have to accept when using the P2P channel.
In addition, you may incur a bank transfer fee (depending on your bank and the service package you are using), but most domestic banks in Vietnam have already waived online transfer fees.