It is very must for every trader to keep in mind the fee commission before starting any exchange. I must say that your 30% profit is from the commissions which you neglect.
I have many friends who are new and interested in trading. They are joining different exchanges and without looking into the fee charges.
They are in great loss by giving heavy amount of fee charges. Therefore, it is very must for the traders to look after the fee commission charges which matters alot in your trades.
In this post I am going to discuss on #Binance fee charges which is has the least fee charge then all other exchanges.
If you hold #BNB in your wallet then your fee charges will be reduced further more.
They have the standard fee of 0.1% from one side and from two sides 0.2%. But if you are holding #BNB then you will get another 25% discount.
According to my calculation with further 25% discount you will have to pay around 0.075% on one side for trading and on both sides you will have to pay 0.15%.
This is the binance fee structure for its users. Further it have other categories for the VIP users and the fee structure matters with amount of BNB you are holding.
What do you people think about Binance fee structure? Do you think they have the least fee structure then all other exchanges? Will be glad to see your answers in the comment section.
I hope you find this post useful and informative. If you do, please remember to reblog it so that it reaches as many people as possible and that they can benefit the most from it. Also, remember to upvote, which will help me financially and grow my account.
NOTE: PICTURES ARE TAKEN FROM CANVA AND EDITED IN CANVA.
Thank You!
Best Wishes.