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Hello everyone. How are you doing, and how is your life going? I hope you are all well and having a good time with your loved ones. We were talking about layering strategies and how to do successful intraday trading. We went over the entire strategy and techniques of intraday layering, as well as how to make a good profit. Today, I'm going to share another beneficial feature of Binance that is a great relief for its users. That is the zero-fee bitcoin trading that has drawn many traders to it.
ZERO-FEE TRADING
There are some special BTC pairs that have zero-fee trading and you can enjoy the trade without paying a penny. That is, if you make a small profit, it is entirely yours. Binance estimates
QuoteTo celebrate Binance’s fifth anniversary, Binance will introduce zero-fee trading for BTC spot trading pairs at 2022-07-08 14:00 (UTC). The zero-fee trading will cover the following 13 spot trading pairs: BTC/AUD, BTC/BIDR, BTC/BRL, BTC/BUSD, BTC/EUR, BTC/GBP, BTC/RUB, BTC/TRY, BTC/TUSD, BTC/UAH, BTC/USDC, BTC/USDP and BTC/USDT. (Source)
BINANCE FIFTH ANNIVERSARY ANNOUNCEMENT
There are thirteen spot trading pairs that are exempt from the trading fee for the time being. This is a really admirable announcement from the CEO of Binance, and it has drawn a lot of users to the platform. They made this announcement as Binancians were celebrating the company's fifth anniversary.
This is a good first step for traders to get involved in trading. The positive side is that there will be more volume, which will improve the crypto world. When I enter a trade, such as BTC/USDT, I take a 0.1% profit, which is still profitable because I do not have to pay a trading fee. Similarly, many traders engage in trading in order to reap the benefits of no fee.
PICTURE FROM BINANCE
WHAT DO YOU THINK OF BINANCE'S NEW STEP? SHOULD OTHER EXHANGES ALSO TAKE THIS STEP?
Other exchanges have not yet made such an announcement, but they are being forced to consider it as the number of Binance users grows by the day. Many of my friends have left other exchanges to join Binance solely because of this fantastic announcement. Other exchanges, in my opinion, should also announce such exciting news to their users in order to best entertain them. If other exchanges follow suit, we will see an increase in cryptocurrency traders.
This is my small contribution to sharing the best knowledge I have accumulated. I hope this post is informative and useful to many people who are not aware of this news. If you enjoyed the post, please reblog it so that it reaches as many people as possible and that they can benefit the most. Also, please upvote, as this will help me grow my account.
Thank you!
Best Wishes.