In order to show our appreciation for your continuous support, we have decided to enhance the tiered VIP trading fee discount program starting from November 14th, 2019 at 20:00 (EST)/ 17:00 (PST) to January 1st, 2020 03:00 (EST)/00:00(PST) as detailed below:
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What is a Taker Fee:
When you place an order that is immediately filled in its entirety (a market order) you are a “taker,” taking liquidity from the market and you pay a “taker” fee for this transaction. The idea is that you are “taking” the price you want, right now, generally by buying or selling limit orders sitting on the books.
What is a Maker Fee:
When you place an order that doesn’t fill immediately (a limit order far from market price), you are a “maker,” and you can expect to pay a reduced “maker” fee for this. As noted above, this terminology comes from the fact that placing limit orders on order book helps to “make the market,” in essence, you a “market maker.”
You may reduce your fees by 25% should you also hold the appropriate amount of BNB per VIP tier requirements to qualify for additional trading fee discounts.
Terms & Conditions:
Binance.US may adjust the tiered trading fee discount based on future market conditions and reserves the right to adjust the rules of the program.
Binance.US is a fast and efficient marketplace providing access and trading across a diverse selection of digital assets. We will continue evaluating coins, tokens and trading pairs to offer on Binance.US in accordance with our Digital Asset Risk Assessment Framework, community feedback, and market demand.
Risk warning: Buying, selling, and holding cryptocurrencies are activities that are subject to high market risk. The volatile and unpredictable nature of the price of cryptocurrencies may result in significant loss. Binance.US is not responsible for any loss that you may incur from price fluctuations when you buy, sell, or hold cryptocurrencies.
Thank you for your support!
Binance.US Team
11/14/2019
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