How To Avoid and Reduce Fees on Binance: A Full Breakdown

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Binance has positioned itself as a leader among trading platforms around the globe. The exchange is easy to use for both beginner and expert cryptocurrency traders, and it provides very competitive rates.

Unfortunately, even competitive rates can add up to hefty fees over time. By understanding the Binance platform and its fee structure, you can learn how to avoid or minimize these fees and keep more of your hard-earned coins in your wallet.

What Is Binance?
Binance is a crypto-to-crypto exchange service that got its start in 2017 in Hong Kong. It grew into one of the most popular and commonly used crypto exchanges in the world in a handful of years.

Despite its success, Binance is always looking for ways to grow. The company continues to add new products and services to the platform. In addition to trading, Binance now offers savings options, staking, the Binance Smart Pool for miners, the Binance Visa card, crypto loans and the Binance Liquid Swap.

While these new resources are beneficial for users, purchasing and trading cryptocurrencies is still the principal focus for most of Binance’s users.

More info: https://www.gobankingrates.com/investing/crypto/binance-fees/#:~:text=Binance%20does%20charge%20a%200.1,transaction%2C%20the%20higher%20the%20fee.