The withdrawal fees on Binance are the highest on any exchange, they are skyrocket withdrawal fees. Also, Binance charges 0.2% for limit order while it’s competitors give a 0.025% rebate for limit orders. Yep, Bybit and bitmex PAY YOU to create liquidity on their platform and Binance charges you for it, you kidding me??Binance charges 0.4% for a market order while it’s competitors charge 0.075% for a market order. Based on this alone, why would anyone trade on Binance?Situations with high volubility may require you to hit that market order x3 times and Binance is going to charge you 0.4% x 3= a whopping 1.2% of all your gains in that one trade, absolutely disgusting.Please be sure to stop trading on Binance, it’s simply not worth it. Binance is the most greedy exchange on the planet. I’ve recently migrated from there due to high withdrawal and high trading fees. It’s NOT smart to trade on Binance.
Submitted May 07, 2020 at 12:42AM
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