How Does Binance Calculator Work

What is Binance Calculator?               

The Binance Calculator is easy to navigate for computing user-specific trading fees in Bitcoin & USD for the Binance cryptocurrency exchange.

What is Binance?

Binance is one of the world’s biggest trading apps. It is incredibly popular among the crypto users. Moreover, Binance is a global cryptocurrency exchange which is offering a wide range of crypto trading pairs that come with world-low fees.

 

How to use the Binance Calculator

1: Put your fee rate

2: Enter the size of your trade (Bitcoin)

3: Type in the current price of Bitcoin (USD)

4: The calculator will then show you the total fee in BTC and USD

 

Here is an example of a Binance Calculator:

Binance calculator
Photo courtesy of Blockduo.com

Binance Calculator Terms

Fee rate: the percentage fee rate (read below to further understand this rate)

Trade Size: it is the total value of your trade in Bitcoin

Bitcoin Price: It is the current price of Bitcoin. You should type in the Bitcoin price in order to compute your fee in USD

 

Explaining Binance Fees

Binance is offering some of the world’s lowest trading fees. Moreover, it offers a general rate of 0.1% every trade for taker and maker orders. Furthermore, they propose a reduction of 25 percent on all trading fees by bearing a specific amount of Binance Coin (BNB).

 

Binance Fees

Maker: 0.1%

Taker: 0.1%

 

Formula

The Binance Calculator is utilizing a simple percentage calculation.

Binance Calculator formula

Popular Binance Alternatives

Frequently Asked Questions

 

Is the Calculator free?

Yes, it is definitely free.

What are the fees on Binance?

Binance fees start from 0.0150% to 0.1%.

What is the best alternative for Binance?

The best alternative for you could be Bybit. It gives $90 BTC Signup Bonus.

Does Binance have a mobile app?

Yes, it has. To download it, you can visit here.

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