Crypto Basics | How are spot trading fees calculated, and where are they deducted from?
Spot trading fees are generally calculated by multiplying the transaction amount by the fee rate. A fee is charged for each completed trade, and partially filled orders are charged only on the portion that is filled.
When calculating profit and loss, remember to include the fees for both the buy and sell trades. Looking only at the difference between the buying and selling prices can overstate your actual returns.
On Binance, you can enable paying fees with $BNB and receive discounts in accordance with the applicable rules.
Trade within your means and leave yourself a way out.
#BNB
For record-keeping purposes only; not investment advice.
Spot trading fees are generally calculated by multiplying the transaction amount by the fee rate. A fee is charged for each completed trade, and partially filled orders are charged only on the portion that is filled.
When calculating profit and loss, remember to include the fees for both the buy and sell trades. Looking only at the difference between the buying and selling prices can overstate your actual returns.
On Binance, you can enable paying fees with $BNB and receive discounts in accordance with the applicable rules.
Trade within your means and leave yourself a way out.
#BNB
For record-keeping purposes only; not investment advice.