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How can I reduce exchange fees?
How can I reduce exchange fees?

Instructions on how to reduce exchange fees in the Binance exchange.

Updated over a week ago

While Wealthybot is not responsible for exchange fees Binance offer additional discounts on exchange fees by utilizing their reduced exchange fee program. Here are the instruction on how to activate this inside of your account.

After opening your Binance account, you need to hold some Binance Coin (BNB) in your Binance account to receive the trading fee discount.

As you hold BNB on your Binance account, when you trade cryptocurrencies, BNB token will be charged the fee automatically. In this way, you will get a 25% fee discount.

Make sure the option to pay fees in BNB is enabled on your Binance dashboard.

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