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Topic: Do not pay high BTC exchange fees anymore - Binance vs others (Read 1327 times)

full member
Activity: 490
Merit: 100
Hello. Tell me how exactly does the BNB work? For example, I recently registered. I opened a deposit, made an exchange and I want to withdraw new coins. trade commission 0.1%. Do I need to buy a BNB to reduce the trade commission? How to understand what is more profitable?
How much BNB do I need to buy in order to get a discount on the trade commission?
full member
Activity: 165
Merit: 100
No doubt Binance is a good platform. However there are also good platform out there

Like what? I dont see anything even close to them. Especially now when they re about to go decentralized.
newbie
Activity: 28
Merit: 0
No doubt Binance is a good platform. However there are also good platform out there
full member
Activity: 165
Merit: 100
In addition to 15 other languages, Binance has been translated into Polish recently.
full member
Activity: 165
Merit: 100
I still do not have anything close to this exchange. Also pay attention to their BNB coin, it helps you get additional trading discounts and they burn it using their profits which means there will be less and less of this coin.
full member
Activity: 165
Merit: 100
Binance is back, fully functional and trading fees are reduced 70% for 2 weeks.
legendary
Activity: 1652
Merit: 1007
DMD Diamond Making Money 4+ years! Join us!
A decent exchange, I use it a lot. However, they will have to adapt when decentralization steps in.

Still, I like the fact no verification s needed.
full member
Activity: 165
Merit: 100
anyone?


Also how much btc can you withdraw without verification?


What about other altcoins?

2 BTC daily withdrawal limit, no verification.
newbie
Activity: 7
Merit: 0
The transferring fees can really be frustrating, but then again, we can't blame them since they are all doing this in their end. If you have more profit than the fees, then you are lucky with the transaction.
member
Activity: 93
Merit: 10
what are the fees to withdraw if its some other currency like litecoin, iota etc?  So bittrex charges 0.001 btc to withdraw flat rate no matter what right?  But thats only if you are withdrawing btc?  But if you are withdrawing other coins, its much less right?


So the OP mentioned fees are 0.1% and it goes to 0.05% if you own binance coin.  Can you explain what that means?  Bittrex is 0.25 percent fee.  So binance is not only less by more than 1/2... but its 5 times less if you own binance coin.  But what does that mean by that?  You mean if you own binance coin and keep it in your account, then your fees are 0.05 percent?  So how much minimum do you need to buy?
Binance fees to Withdraw to high ? self.binance

CND: Transaction Fee: 180
TRX: Transaction Fee: 100
QSP: Transaction Fee: 30
XLM: Transaction Fee: 0.01000(this is nice)
REQ: Transaction Fee: 15
ADA: Transaction Fee: 1(Maybe ok to)
VEN: Transaction Fee: 5
BRD Transaction Fee: 4
ICX: Transaction Fee: 1
ETH: Transaction Fee: 0.01
Just Some Examples



I wont be using binance anymore. First of there are these bots who just don't do shit and come and sit over your order. Then binance has 0.01 ETH withdrawal fees and 0.3 on OMG. I withdrew eth today and guess how much the transaction costed, It was 0.001 ETH. Yea 1/10th of the fees.

The fees is absurd.
member
Activity: 93
Merit: 10
what are the fees to withdraw if its some other currency like litecoin, iota etc?  So bittrex charges 0.001 btc to withdraw flat rate no matter what right?  But thats only if you are withdrawing btc?  But if you are withdrawing other coins, its much less right?


So the OP mentioned fees are 0.1% and it goes to 0.05% if you own binance coin.  Can you explain what that means?  Bittrex is 0.25 percent fee.  So binance is not only less by more than 1/2... but its 5 times less if you own binance coin.  But what does that mean by that?  You mean if you own binance coin and keep it in your account, then your fees are 0.05 percent?  So how much minimum do you need to buy?
Binance fees to Withdraw to high ? self.binance

CND: Transaction Fee: 180
TRX: Transaction Fee: 100
QSP: Transaction Fee: 30
XLM: Transaction Fee: 0.01000(this is nice)
REQ: Transaction Fee: 15
ADA: Transaction Fee: 1(Maybe ok to)
VEN: Transaction Fee: 5
BRD Transaction Fee: 4
ICX: Transaction Fee: 1
ETH: Transaction Fee: 0.01
Just Some Examples
full member
Activity: 1750
Merit: 186
anyone?


Also how much btc can you withdraw without verification?


What about other altcoins?
full member
Activity: 1750
Merit: 186
what are the fees to withdraw if its some other currency like litecoin, iota etc?  So bittrex charges 0.001 btc to withdraw flat rate no matter what right?  But thats only if you are withdrawing btc?  But if you are withdrawing other coins, its much less right?


So the OP mentioned fees are 0.1% and it goes to 0.05% if you own binance coin.  Can you explain what that means?  Bittrex is 0.25 percent fee.  So binance is not only less by more than 1/2... but its 5 times less if you own binance coin.  But what does that mean by that?  You mean if you own binance coin and keep it in your account, then your fees are 0.05 percent?  So how much minimum do you need to buy?
full member
Activity: 602
Merit: 107
I've been on binance since the beginning I found it to be a very easy site to use and decent rates on trading.

I agree. It's really simple to use the site and the fees are low (0.05% if you use BNB or 0.10% without which is way lower compared to other exchanges).

 decided to use Binance for IOTA trading, volume is pretty high and the it's very user friendly.
full member
Activity: 504
Merit: 107
A non technical guy in a technical world
I've been on binance since the beginning I found it to be a very easy site to use and decent rates on trading.
full member
Activity: 1750
Merit: 186
Is binance very easy to get verified?
legendary
Activity: 1652
Merit: 1007
DMD Diamond Making Money 4+ years! Join us!
I use Binance as well, a very decent exchange, especially regarding NEO&GAS operations. There is even some form of ledger where they show you your last activity including how much GAS did you get and when that distribution took place.
full member
Activity: 165
Merit: 100
I see people ve been having issues with withdrawal limits as well. Binance offers 2 BTC daily limit, no verification at all. Very decent level.
full member
Activity: 165
Merit: 100
I have turned 2FA without any issues and I do not have Chinese phone number, I m in Europe. Regarding liquidity, they re decent IMO, whenever I trade NEO, my orders get executed within a day if I place realistic conditions.

As I ve said low fees place great UI and trading engine are their main comparative advantages.
hero member
Activity: 866
Merit: 1001
Its an exchange based in china.Since it is a new exchange,we don't know how legitimate it is.It has enabled two factor authentication but only chinese phone numbers are now allowed for verification.Even some users have faced delays in withdrawing some coins from the exchange.Also,we would have to see how chinese regulations affect its performance.Its compatible with android,IOS,web,etc.
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