Cancel Unsubscribe. Often you will leave them on Binance to use for cheap transactions. This is because Binance made a great use case for the BNB when it launched its exchange last year. But if the trader has BNB coin in their account then the fee is paid from the BNB coin instead of either the funding , has enabled the function “ Use BNB for Fees” the purchased coin.
If you want to invest in Binance Coin, you can also move the BNB tokens to. Binance how to use bnb for fees.The amount is automatically calculated and reduced from the BNB Tokens in the wallet. Here are different ways that each Binance division contributes to BNB’ s Top 10 status: 1. The Binance Coin ( BNB) You can use BNB to pay your fees on the Binance exchange.
Binance has a exchange fee of 0. However, users who opt to pay the trading fee in the Binance token ( BNB) will get a discount of 25% ( throughout the second year). In your first year of membership on Binance fees are discounted 50% when paid in c 22 · 🚀 How To Use Binance ( BNB) - A Cryptocurrency Exchange 🌚 Kenn Bosak.
Of course, it also helps that Binance Coin just keeps on growing its list of use cases that go beyond trading. The discount is tiered: it was 50% in the first year, it will be 12. Binance how to use bnb for fees. The use of BNB to pay for transaction fees enabled users to get a 50% discount compared with the.
25% in the fourth year none in the fifth year onward. We hope you can explore these different use cases of Binance Coin as we continue to optimize the benefits uses of your BNB. 5% in the third year, 6. While you can still choose to pay your fees in the cryptocurrency you’ re exchanging, Binance offers a rebate as an incentive to pay fees in BNB.
You simply have to hold a small amount of BNB and the fees are paid out of your BNB vs being paid in bitcoin or ethereum. You can still trade in the BTC or ETH markets and get the discount. So once you buy a little BNB all your future trades will have 0.
05% fee instead of 0.