Learner Post – Binance (Post 7)

Today’s Learning: Understanding Fees on Binance

Today I learned how fees work on Binance, because many beginners (including me!) get confused about why the final amount is slightly different after trading.

Here’s what I learned:

🔹 Trading Fee

• Binance charges a small fee every time you buy or sell crypto.

• Standard fee is around 0.1% on Spot trading.

🔹 Maker vs Taker Fees

• Maker = You place a Limit order and wait → usually lower fee

• Taker = You buy/sell instantly with Market order → slightly higher fee

• Beginners mostly use Taker because it’s instant.

🔹 Fee Discount with BNB

• If you pay fees using BNB, Binance gives a discount.

• Many traders keep a small amount of BNB for cheaper fees.

🔹 P2P Fees

• Buying and selling crypto through P2P is free (no trading fee).

• But always follow safety rules.

🔹 Why fees matter:

✓ Helps you calculate real profit

✓ Prevents confusion

✓ Makes your trading more professional

Understanding fees made me realize that even small details matter in trading!

Learning continues… 😊

#BinanceLearner #CryptoBeginner #Day7Learning