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Using BNB to Pay for Fees – Binance.US
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2019-11-07 10:15. You can now use BNB to pay for interest in your Cross Margin account and enjoy a 5% discount. To enable this function, log in to your Binance account and go to [Wallet] - [Margint]. All interests generated by your loans will be displayed in the [Interest] column of the BNB asset.
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Deposit Fee. Withdraw Fee. ZAR. South African Rand. 0.5% Maximum of R95.00. CASH or EFT fee is determined by the bank. Incoming international deposits will also be subject to banking fees and exchange rates. R16 + 0.5% Maximum of R95.00. OZOW.
As a Binance.US user, you can use BNB to pay for trading fees on the Binance.US platform. When you hold BNB and use BNB to pay for trading fees, you will receive a 25% discount fee. 1. How can I turn on/off the BNB discount fees? Log in to your account and scroll to the bottom of the dashboard. 2. How do I calculate the fees for trading BNB itself? When you turn on the "Using BNB to pay for fees" a discount is applied to your trading fees.
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Binance Trading Fees and Binance Coin BNB Explained
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Binance Bitcoin exchange charges a fee called a trading fee. This is taken from all exchanges you make on the bitcoin and crypto exchange. If you are not using BNB (Binance Coin) to pay your trading fees, each trade will carry a standard fee of 0.1%. See screenshot below. Using BNB for transaction fees applies a discount to your trading fee.
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How to activate to pay fees in BNB? To activate the settlement of fees in BNB, you will need to open your account overview here and switch “Using BNB to pay for fees (25% discount)” to “ON”.
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In anticipation of Binance’s fourth anniversary on 2021-07-14 and in appreciation of your continued support, Binance will extend the option for users to receive a 25% discount on trading fees when paying by BNB. The 25% discount will now be valid through 2022-07-13 at 23:59:59 (UTC). Note: Binance reserves the right in its sole discretion to amend the BNB trading fee discount rate.
The amount of that percentage depends on two things – (1) whether you hold BNB token, and how much you hold and (2) the amount of your 30-day trading volume. Paying fees with BNB gives you a 25% fee discount The base fee for trades on Binance is 0.1% for makers and takers. You can reduce that by 25% (that is, to 0.075%) if you hold BNB on Binance.
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If you do not use BNB (Binance Coin) to pay your trading fees, each trade will carry a standard fee of 0.1%. Using BNB for transaction fees applies a discount to your trading fee. By default, if you hold BNB in your account, your trading fees will be automatically subtracted from your BNB balance. (See How to Use BNB to Pay for Fees and Earn 25% Discount) Please refer to the Fee Schedule to check your account's Trading Fee Level and other information.
When you hold BNB, you can receive a significant discount for using BNB to pay for trading fees. You can use BNB to pay for trading and transaction fees on the Binance exchange, Binance DEX, Binance Chain, and Binance Smart Chain. For example, you can save 25% on Spot and Margin trading fees and 10% on Futures trading fees.
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How to Use BNB to Pay for Interest in Cross Margin . - Binance
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How to Use BNB to Pay for Fees and Earn 25% Discount Binance
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