4 ms·

I really have to question how Binance is pulling off basically no fee trading. There's something not right as if they may be hit with pretty hard regulation. Ad

I really have to question how Binance is pulling off basically no fee trading. There's something not right as if they may be hit with pretty hard regulation. Add in the Brian Brooks lasting two months as CEO of .US and Catherine Coley's short stint (and disappearance). I would transfer some of my funds over since they seemed to cleanup the customer service nightmare but it seems like too much unknown risk.

fighterpilot 5y ago
They don't have any fees?
- noitsnot 5y ago
  The first tier level is 0.0750% / 0.0750% (maker/taker) if you opt-in for your fees in BNB. https://www.binance.us/en/fee/schedule https://www.binance.us/en/fee/schedule
  - fighterpilot 5y ago
    Those are pretty large fees.
    - noitsnot 5y ago
      Give me a better option without suggesting Robinhood. Kraken is double and Coinbase Pro is x7. I'm U.S. based.
      - dkersten 5y ago
        Bybit? Their derivatives fees are 0.075% for takers just like Binance (and maker is -0.025%). Spot trading is 0.1% (and 0% maker fees). https://help.bybit.com/hc/en-us/articles/360039261154 https://help.bybit.com/hc/en-us/articles/360039261154
        fighterpilot 5y ago
        Bybit and Bitmex are both better unless they're trading more than 5 million volume per month. Ok, Huobi and FTX are competitive and you can negotiate with them. And all of the above are obscenely expensive relative to legacy exchanges.
      - jkhdigital 5y ago
        LedgerX is CFTC licensed and offers BTC and ETH options and futures: https://www.ledgerx.com/ https://www.ledgerx.com/ You can buy daily BTC/ETH which is delivered at 4pm, and the fee is a flat $5 per coin (so ~0.01% at the current BTC price). BTC is traded in 0.01 increments and ETH in 0.1 increments. Caveat is that only wire deposits are accepted, so the wire fees plus network fees (if you withdraw your coins) can raise this cost substantially if you only trade small amounts.
cgb223 5y ago
The .us can’t do derivatives though. And once you sign up for it you can sign up for the .com Made that mistake…

fighterpilot 5y ago

They don't have any fees?

noitsnot 5y ago
The first tier level is 0.0750% / 0.0750% (maker/taker) if you opt-in for your fees in BNB. https://www.binance.us/en/fee/schedule https://www.binance.us/en/fee/schedule
- fighterpilot 5y ago
  Those are pretty large fees.
  - noitsnot 5y ago
    Give me a better option without suggesting Robinhood. Kraken is double and Coinbase Pro is x7. I'm U.S. based.
    - dkersten 5y ago
      Bybit? Their derivatives fees are 0.075% for takers just like Binance (and maker is -0.025%). Spot trading is 0.1% (and 0% maker fees). https://help.bybit.com/hc/en-us/articles/360039261154 https://help.bybit.com/hc/en-us/articles/360039261154
      - fighterpilot 5y ago
        Bybit and Bitmex are both better unless they're trading more than 5 million volume per month. Ok, Huobi and FTX are competitive and you can negotiate with them. And all of the above are obscenely expensive relative to legacy exchanges.
    - jkhdigital 5y ago
      LedgerX is CFTC licensed and offers BTC and ETH options and futures: https://www.ledgerx.com/ https://www.ledgerx.com/ You can buy daily BTC/ETH which is delivered at 4pm, and the fee is a flat $5 per coin (so ~0.01% at the current BTC price). BTC is traded in 0.01 increments and ETH in 0.1 increments. Caveat is that only wire deposits are accepted, so the wire fees plus network fees (if you withdraw your coins) can raise this cost substantially if you only trade small amounts.

cgb223 5y ago

The .us can’t do derivatives though. And once you sign up for it you can sign up for the .com Made that mistake…