At the lowest volume level, VIP 0, trading fees are 0.1% for both makers and takers. For those customers who generate enough volume to qualify for the top level, VIP 9, trading fees are 0.02% for makers and 0.04% for takers.
In the meantime, cryptocurrency users (and nonusers intrigued by cryptocurrency’s promise) need to remain ever-mindful of the concept’s practical limitations.
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Several other regulators, including from Hong Kong, Germany, Japan, Italy, and Thailand, followed with various warnings, with the Netherlands the latest to do so this week. Hong Kong initially raised the alarm over crypto derivatives related to listed stocks which Binance stopped offering last month. In late July, Binance said it would cease to offer all derivative products in Germany, Italy and the Netherlands. Does Twitter’s new crypto leader signal end to Dorsey’s Bitcoin maximalism? Stablecoin issuer Circle launches venture fund, invests in JPYC Ripple launches new crypto solution Liquidity Hub, beyond XRP Ex SEC Chair Jay Clayton to advise crypto custody firm Fireblocks
Take Bitcoin for example, if you want to get Bitcoin on Binance.US, here’s how you would do it to make sure you only pay that 0.1% fee, and not the 0.5% fee:
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At the time of writing, Bitcoin’s value was fluctuating at around $67,921.67, or £50,107 according to Coinbase.
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Yet, trading on Binance.US obliges the customers to undergo the KYC (know your customer) procedure. First, the users are required to go through either of four types of verification available on the platform:
The digital currency made its big Wall Street debut in December 2017, when the major futures exchanges rolled out Bitcoin futures. The attention drove Bitcoin to roughly $19,300, a then-unheard of price for the currency.
Security is the highest priority for us when it comes to safeguarding your funds. Store your crypto safely with the Binance.US app.
At 6am on Tuesday 9 November, Ethereum reached $4,842.54 according to Coinbase, setting a new record for the popular cryptocurrency synonymous with the rising crypto trend of NFTs.
Perhaps a bit odd, then, to decide to chart crypto prices against US Covid cases rather than global cases, given crypto is traded globally.
First launched in March of 2021, Safemoon began to surge in price about a month later, thanks to effective marketing by the founding team.
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For more on trending cryptocurrencies, check out the latest on Save Planet Earth, IOST, Bonfire, Arweave, and TrueFi.
Support contact: https://support.binance.us/hc/en-us/categories/360002072912-FAQs Zero fees upon the launch Accessible trading interface Supported by tried & tested Binance technology Does not cover all of the US upon the initial launch A limited number of initially available trading pairs Currently no mobile app