What is Binance Spot Trading Fee and How to Calculate
What is Binance Spot Trading Fee and How to Calculate
2022-03-24 08:57
What is Binance Spot trading fee?
You need to pay a trading fee for every successful trade on the Binance Spot market. You can find more information on trading fee rates here.
How are trading fees calculated?
Trading fees are always charged in the asset you receive. For example, if you buy ETH/USDT, the fee is paid in ETH. If you sell ETH/USDT, the fee is paid in USDT.
For example:
You place an order to buy 10 ETH for 3,452.55 USDT each:
Trading fee = 10 ETH * 0.1% = 0.01 ETH
Or you place an order to sell 10 ETH for 3,452.55 USDT each: