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Binance Will Retain the 25% Trading Fee Discount When Using BNB For One More Year! by firepower

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· @firepower · (edited)
$46.62
Binance Will Retain the 25% Trading Fee Discount When Using BNB For One More Year!
This is a piece of small but amazing news, especially for traders who prefer Binance. Personally, I love trading on this exchange as it works without hiccups. Reducing trading fee when you use BNB was good enough but now Binance is extending this for 1 more year.  

![binance .png](https://cdn.steemitimages.com/DQmS2a6sURdZyysQAzUktNqoL3AfwxtZppHFkhDcknWYjQL/binance%20.png)

According to their [update](https://www.binance.com/en/support/articles/360030778631) today:

>In advance of our second anniversary on 2019/07/14, Binance extends our deepest gratitude for your continued support through this update. 
>
>Binance will retain the 25% trading fee discount for traders using Binance Coin (BNB) for at least one more year. From 2019/07/14 00:00:00 AM (UTC) to 2020/07/13 23:59:59  (UTC), the trading fee discount will remain at 25%, instead of the previous decrease to 12.5% as stated in our whitepaper. 

I really hope they continue to keep their fees low. It really helps when scalping the market when you trade for low-profit percentages. 0.075% trading fees when using BNB has been great especially when I trade short time frames for low-profit percentages. 

Remember, few other exchanges charge generally charger higher trading fees like 0.2% or high on buying and selling. So you incur 0.4% (plus or minus depending on their bid/ask fees) when you start and close a trade. In case you are new to crypto and trading, you may want to keep these things in mind when placing trades and booking a profit/loss. 

I'm glad they are doing this. It's definitely going to help a lot of new traders trying to improve their game while keeping the profits lost due to trading fees on the lower end. 


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vote details (818)
@safetony ·
BNB/BTC pairing is at a very low level considering this news especially with a coin burn coming, futures launch and Binance US.
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@firepower ·
Every ALT/BTC pair has tanked lately with BTC making moves. :)
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@lizbethk ·
$0.44
> Binance will retain the 25% trading fee discount for traders using Binance Coin (BNB) for at least one more year. 


This is Awesome!
👍  , , ,
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vote details (4)
@xyzashu ·
Wasn't that 50% earlier?

Although I don't scalp or day trade, I do hold a small amount of BNB solely for this purpose since the launch of this token. Only if I had bought a bag of it then, I might have became  a whale here :)
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@maya7 ·
Wow,very good news.Thanks for sharing.
👍  
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