In order to be ever more competitive against competing exchanges, Binance has just announced the (temporary) abolition of trading fees on around ten combinations.
Thirteen trading pairs are involved, between bitcoin, fiat and stablecoins.
A birthday like no other
In a difficult context for all cryptocurrencies, the giant Binance has chosen a simple approach to continue to make bitcoin trading more attractive, while celebrating its fifth anniversary.
Effective last month in the United States, the removal of transaction fees (fees) is now applied to all users worldwide since July 8, 2022. It acts on a total of thirteen trading pairs including fiat currencies and stablecoins on the spot market only. The pairs concerned are the following: 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.
The leader of cryptocurrency exchanges intends to continue to make its platform an essential place. By carrying out a “punch” marketing operation in a bear market context, Binance makes sure to attract users who see the bear market as an opportunity to invest. This abolition of fees on bitcoin is however only temporary, even if the platform has not yet announced the end date of the operation.
Changpeng Zhao, CEO and Founder of Binance, explains that the platform has always focused on being as accessible as possible:
“ In line with our philosophy of putting the user first, Binance has always strived to provide the most competitive fees in the industry. At its core, Binance is an inclusive platform with accessibility in mind. The elimination of trading fees on certain BTC spot trading pairs is another step in this direction. »
Remember that crypto-assets are highly volatile investment products. They are not regulated by a European regulatory framework. This product involves risks of capital loss.
Source : Press release
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- Very complete
- Large selection of trading tools
- Many additional services
Binance offers very elaborate and solid trading and risk management tools, as well as a multitude of services and products that can sometimes be dangerous for beginners. While we recommend this platform without hesitation, we advise avoiding certain very risky products in order to avoid somewhat bitter investment experiences. Customer service, impeccable in 2020, deteriorated in 2021, which can cause problems, especially for beginners.
Binance offers very elaborate and solid trading and risk management tools, as well as a multitude of services and products that can sometimes be dangerous for beginners. While we recommend this platform without hesitation, we advise avoiding certain very risky products in order to avoid somewhat bitter investment experiences. Customer service, impeccable in 2020, deteriorated in 2021, which can cause problems, especially for beginners.
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