A reader asked about this in a comment, so let me explain it in plain English.
Spot trading fees are usually calculated by multiplying the trade amount by the fee rate. A fee is charged for each fill, and partial fills are charged only on the portion that was filled.
For accounts that trade frequently, fees that seem tiny per trade can add up to a significant cost over the course of a year.
On Binance, you can enable paying fees with $BNB and receive a discount according to the platform's rules.
Have you ever run into any pitfalls with this? Share your experience to help others avoid them.
Spot trading fees are usually calculated by multiplying the trade amount by the fee rate. A fee is charged for each fill, and partial fills are charged only on the portion that was filled.
For accounts that trade frequently, fees that seem tiny per trade can add up to a significant cost over the course of a year.
On Binance, you can enable paying fees with $BNB and receive a discount according to the platform's rules.
Have you ever run into any pitfalls with this? Share your experience to help others avoid them.