Binance at Zero Fees: Bitcoin (BTC) and Ethereum (ETH) Traders Pampered!

Tue August 23, 2022 ▪ 9:00 p.m. ▪

4
min read – by
Mikaia ANDRIAMAHAZOARIMANANA

Binance has more than 120 million users and captures nearly 70% of the global crypto exchange market. It’s clear, the title of “largest cryptocurrency exchange” automatically belongs to it. As CZ’s company does not intend to give way to other exchanges anytime soon, it has decided to go on the offensive. Today, for example, it decided to stop charging fees for trading the ETH/BUSD pair.

ETH/BUSD traders pampered by Binance

Is this a decision that has something to do with Merge? Or simply an initiative to overcome the bear market ? Surely, Binance made a lot of people happy today with this announcement.

Enjoy free #BTC trading?

Well, we have more good news for you. Trading $ETH will soon be free on #Binance too!

Starting August 26, you will not pay any fees when trading the $ETH/#BUSD pair. »

In other words, the exchange will no longer charge any fees on orders maker and taker this year between August 26 and September 26. That’s the equivalent of a month’s worth of promotion for traders on the ETH/BUSD spot trading pair.

Note, however, that the ETH/BUSD spot trading pair will not receive any discount or similar fee waiver.

Also, Binance VIP users will enjoy other benefits. Among other terms, they will enjoy a 30-day volume calculation exclusion for the level of trading fees.

With respect to spot liquidity providers, “ maker volume on the ETH/BUSD spot trading pair will be excluded from the maker volume calculation for the Spot Liquidity Provider program “, underlines the Binance team on the company’s website.

No fees charged for bitcoin trading

Since July 8, Binance has already made a wink for bitcoin traders registered on its platform. A gift for his birthday?

The ” Binancians as the team likes to call its clients enjoy fee waivers on 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.

Until further notice, which means for an indefinite period, Binance will not charge any fees on the trading mentioned above. However, traders will not be eligible for any fee rebates or fee promotions from time to time.

In addition, the latter will receive a disqualification at the end of transactions related to fictitious or dubious operations.

Binance, which according to CZ will be able to navigate through the troubles, intends to take the “crypto winter” bull by the horns. Carnage or not, the cryptocurrency market must recover from this difficult situation it is currently going through. Fortunately, Binance is the proactive type to the point of rekindling the flames in the hearts of investors.

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Mikaia ANDRIAMAHAZOARIMANANA avatar
Mikaia ANDRIAMAHAZOARIMANANA

The blockchain and crypto revolution is underway! And the day when the impacts will be felt on the most vulnerable economy of this World, against all hope, I will say that I had something to do with it

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