Comparing Binance and BingX Cryptocurrency Trading Fees
Cryptocurrency trading on exchanges operates similarly to stock trading, but is limited to cryptocurrency exchanges. Many exchanges use a tiered fee structure based on a percentage of a user's 30-day trading volume. It is important to understand the fees associated with trading cryptocurrency to create profit-maximizing strategies.
Cryptocurrency exchange fees can vary significantly depending on the exchange. Some exchanges charge a flat fee for all trades, while others charge a percentage of the trade amount. Some exchanges also offer discounts for users who hold certain memberships or who trade large volumes.
Binance charges a maker fee of 0.1% and a taker fee of 0.1% for most trades, with discounts available for users who hold the exchange's native token (BNB) or who trade large volumes. BingX has maker and taker fees as low as 0.075% for most trades.
Please see the table below for a quick overview:
It's important to note that these fees are just examples and can change over time. Be sure to check the current fee schedule for the exchange you are considering using. It's also a good idea to compare fees across different exchanges to find the most competitive rates.