Does Binance.US have fees?

To incentivize higher trading volumes, Binance US adopts a tiered fee system. For traders surpassing the standard volume tier, a maker-taker fee model comes into play. This model acknowledges the distinct roles of market makers and takers in maintaining liquidity and price discovery.

Binance US, a renowned cryptocurrency exchange platform, imposes a competitive fee structure for its users. When engaging in spot trading, traders are subject to a base fee of 0.1%, ensuring cost-effective transactions.

For traders seeking expedited execution of their cryptocurrency buys and sells, Binance US offers an instant fee of 0.5%. This feature caters to those who prioritize speed over the standard trading process.

Market makers, who contribute to the exchange's liquidity by placing buy and sell orders that do not immediately match, often enjoy lower fees. In contrast, takers, who execute trades against existing orders, typically face higher fees to compensate for the immediate use of liquidity.

By employing this maker-taker fee model, Binance US aims to foster a vibrant and liquid trading environment. It encourages traders to contribute positively to the market's health while also recognizing the different needs and behaviors of traders across various volume tiers.