12 rows · Trading Fee General: % spot trading fee; % Instant Buy/Sell fee. By default, if you . 7 rows · Trade over 40 cryptocurrencies and enjoy the lowest trading fees in America. Trade over 40 . Binance Trading fees (Spot Trading) Binance offers a flat trading fee of %. Accordingly, Binance does not care about whether you are a taker or a maker. For investors who prefer to pick-up existing orders from the order book, this might be an attractive trading fee model/5.
Bitcoin trading fees binanceCoinbase vs Binance: Features, Fees & More ()
Withdrawals are also subject to a fee depending on the currency being withdrawn, or the transfer type. Orders placed which hit a hidden order will always be charged the maker fee. Hidden orders are always charged the taker fee. Kucoin aims to always offer very low fees, both for trading and withdrawals, making it affordable to use this exchange. There is no fee to make a deposit , apart from this benefit, their fee structure of trading is rather cheap with only 0.
The fees for a withdrawal depend on the cryptocurrency in question, but some are free from fees, including GAS and NEO. Others have incredibly low fees, such as BTC at just 0. It is important to note that almost ninety percent of the total trading fees are returned to users in one way or another, with Kucoin retaining only 10 percent of trading service fees. GDAX does not charge for deposits or withdrawals. However, CEX. One of the biggest complaints users have about CEX.
This means that the high want to do a direct purchase with CEX. The exchange also supplies trading services in which different fees will apply. To keep the connection between the trading volume and the charges imposed on the users. The summary of the fee structure is as given below:. Kraken is one of the prominent Bitcoin exchange accepting fiat currencies like Euro.
The model will give the clients a simpler and reduced fee structure. The taker fee goes as low as 0. The maker fee is applicable to situations where the trader provides liquidity to the order book by ordering a buying limit below the market price or a selling limit above market price. The fee will only be paid to the maker maker fee when such orders are taken by new incoming orders. Poloniex, also known also a well-known cryptocurrency exchange in the industry.
It consistently boasts the highest trading volumes for altcoins. Usually, users who want an unparalleled selection of altcoin trading pairs prefer using Poloniex. The exchange has a 0. Active Users. Acceptable Crypto Currencies. Fiat Currency Trading.
Analytical Tools. Mobile App. Social Trading. Copy Trading. Additional Features. Maximum Trading Amount Daily. Withdrawal Fees. Trading Fees. Wire Transfer. Full Company Name. Year of Origin.
Value for money is one of the most important metrics that one should take into account while comparing cryptocurrency exchanges, as it shows whether the brand offers acceptable quality compared to the price. In this case, Coinbase has a higher value for money score than Binance. Clearly, if comparing Coinbase vs Binance, the bigger active user base is gathered by Binance with around Whereas Coinbase has around If we look at the cryptocurrencies that are accepted by these exchanges, we can see that Coinbase has a higher number of acceptable crypto than Binance.
In order for this Coinbase vs Binance cryptocurrency exchange comparison to help you easily decide which brand is the best, each feature is represented with a score, a grading system or in any other commonly understandable format. But always make sure to know your crypto goals first! First, you need to evaluate your knowledge level and goals in the crypto world. To start your comparison, you need to pick out the exchanges you want to put head-to-head.
You will see an in-depth side by side comparison of your chosen crypto exchanges. Binance is free to install, so head on over to either the iOS App or Google Play Store, or tap on the links provided below. For iPhone users in particular, it's worth noting that Binance has had a history of being removed form the App Store — either by Apple or by Binance themselves. So don't be surprised if it disappears from the iOS App Store yet again.
That said, Binance has stated that the current version is its latest stable release, so grab it now while it's still available. If it gets taken off the App Store again, or if you don't mind dealing with some potential bugs in order to experience the latest that Binance has to offer, you always have the option of downloading the beta version instead. We have guide on installing the beta iOS app directly from Binance, so check it out below. Binance only supports cryptocurrency deposits and withdrawals on their exchange — this means you can't transfer fiat currency like USD or EUR in and out of Binance.
So to use the app, you'll first have to buy BTC, LTC, or ETH using an app like Coinbase or any other service that accepts traditional money , then transfer your newly acquired digital coin to Binance and start trading for alt-coins. Binance makes trading cryptocurrency on your iPhone or Android relatively hassle-free, though it falls on you to do your research on your target alt-coin in order to minimize losses. There are two main ways to buy and sell digital coins within the app, namely limit and market orders.
In a nutshell, limit orders let you buy or sell alt-coins at a specific price, which is then placed on the books until the order is fulfilled. Due to market fluctuations, limit orders can take time to be fulfilled.
Market orders are much simpler to execute and allow you to instantly buy or sell cryptocurrencies at their current price by tapping on either "Buy" or "Sell" after entering the desired amount. The main disadvantage of this method is the inherent risk of missing out on opportunities. Binance charges a flat 0.
The flat fee is applied automatically once a buy or sell order is fulfilled, and is deducted from the end cryptocurrency. Binance will then apply the 0. The 0. In essence, Binance's flat 0. The fee will then be deducted off your BNB wallet. As Binance explains it:. Fees are calculated from the currency you're receiving at a rate of 0.
If you have 0. Otherwise you pay 0. The discount decreases over time , however, and is cut by half every year for four years, then disappears entirely on the fifth year. It is also currently unknown how long Binance will offer the discount as new users stream in, so stay tuned as more concrete information surfaces regarding this matter. In addition to charging fees for executing cryptocurrency trades, Binance also charges a fee for making withdrawals out of their exchange, and there's a minimum amount that needs to be met or exceeded before Binance allows that transfer.
Both the minimum amount and fees vary from coin to coin. As an example, here's the minimum withdrawal amounts and fees for the four major cryptocurrencies that you can transfer to Coinbase :.
It's worth noting that withdrawal fees are not set in stone and are subject to change due to blockchain conditions.