Note that Schwab’s interest income from margin loans to customers has traditionally been about half of its income from trading commissions. Yeah i seem to have missed out on the one-second snapshot part for the calculations. I know it isnt anything to be raising a pitchfork up about but binance could definitely increase its transparency by providing the price at which the fee paid in USDT is converted to BNB. Trading Fees If you are not using BNB (Binance Coin) to pay your trading fees, each trade will carry a standard fee of 0.1%.

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Here is the real-time Binance valuation calculator. So the net fees earned by Binance will be higher ceteris parabus. Trading Fees All your trades that include a fee, including the calculated fee value at transaction and the current fee value. You can open your Futures account with a 20% trading fee discount and start trading on Binance Futures by following the steps below. Where have i gone wrong in my calculations? 3.

Hi guys, just wondering how does binance calculate the fees for Sell orders. All buy-back transactions are announced on the blockchain. However, calculating the fees for the Sell order gives me 10.45*0.075% = 0.00783750BNB in fees which is different from what binance has charged (0.00784299BNB). Implied Annual profit at time of Q2 Burn = Burn Q2 (USD) x 5 [as it is 20% of profit] x 4 [as it is Quarterly value], Implied Market Cap of Binance Exchange = Implied Annual profit at Q2 Burn x 51 = $38,628 million, Implied Market Cap of Binance Coin = Implied Market Cap of Binance Exchange x 20% = $7,726 million, Implied Fair Price of BNB Coin = Implied Market Cap of Binance Coin / Circulating Supply = $78, Implied Fair Price of BNB Coin = Implied Market Cap of Binance Coin / Total Supply = $39. If investments in cryptoassets are a source of profit for Binance Exchange, then it is likely that the Mark-to-Market vaue of those investments in mid-April 2018 will be lower than in mid-January, given that the crypto market was at an All Time High in mid-January. BNB is presently an ERC-20 token and those tokens will be swapped for the new coin. Binance will add a significant new revenue source (30% to 40% of total revenues in the case of Bitfinex) according to its roadmap, namely Margin Lending Fees when it introduces Margin Trading. There will be a 50% increase in Binance revenue as a result. It will play a similar role to ETH (used for GAS payments) in the new structure. Estimates of Annual Revenue are always updated in real-time in the spreadsheet. My current fee levels are 0.075% for both maker and taker because im paying the fees in BNB. There will be no immediate effect on revenues, but this move future-proofs Binance against the likely trend away from centralised exchanges to DEXs. (As matter of interest, Bitmex Exchange is seeing larger volumes than this, but its volumes are not listed at Coinmarketcap.). i.e. Cumulative 30-day trading volume and average 24-hour holdings are automatically calculated daily at 00:00 (UTC). Picture proof binance is charging a large fee than what they say. 100 million). 3.

Every quarter, Binance Exchange will use 20% of its profits to buy back BNB and destroy them, until they buyback 50% of the BNB total Supply (i.e. However, the spread from buying BNB to selling BNB to be pretty wide especially for a market which has really high volume with 4 decimal places and the spreads doesnt seem to be more than 0.01USDT apart. More information on this in this Medium piece by San Eng of Digital Alchemy Holdings. How does the Binance Calculator work? Binance Cryptocurrency Futures provides an easy-to-use platform and allows a seamless trading experience for traders to switch from spot to futures. Traders receive a discount for paying fees in BNB. Taking the same example of me selling BNB @ 23.2098 and binance converting my USDT to BNB @ 23.1935, means the spread is 0.0163USDT. Deposit Fees Free. Binance Exchange has these sources of income: a) Trading Fees b) Withdrawal Fees c) Coin Listing Fees d) Profit from cryptoasset investments. i.e. MobileCoin, a cryptocurrency from the creator of Signal, just raised $30M for mobile payments: Techcrunch. Their true volume might be just 30% of their claimed volume. Binance cryptocurrency exchange - We operate the worlds biggest bitcoin exchange and altcoin crypto exchange in the world by volume In this case, fee = 23.2098 * 10.45 * 0.00075 = 0.1819068075 USDT to convert to BNB. It is a little higher than the minimum 0.05% (fee applicable to payments made in BNB) to account for possibility some traders pay in other currencies (where fee is 0.1%), and also for the fact that minimum fee will be 0.075% from July 2018. Annual Revenue = Daily exchange Volume x 0.13% x 365 = $953 million. When you sell BNB/USDT, the fee is paid in USDT. This revised Revenue figure of $62 million for Q2 is absolutely incompatible with the Quarterly Profit at the Q2 Buyback at 15 January 2018. The largest DEX is IDEX which is placed at 68 in exchange volumes and has a volume of $6 million at time of writing. I then made one myself which is also ignored. Thanks for the information! This drops your maker fee to 0.09%, and your taker fee remains at 0.1%. It’s Going After the Dollar, Everything You Need to Know About MoatFund, All In One Place (Updated Regularly), Bitcoin, the Winklevoss Twins and Money Tech. This last part is documented in the following article: Using BNB to Pay for Fees. There are no fees for deposits.

(The Listing Fees is rumoured to be 35 BTC but no hard information is available about this. The effective rate of the cryptocurrency transaction fee disclosed here is calculated as the base rate, net of fee waivers.

Fee (BTC) = (trade size/100)*Fee rate Fee (USD) = Bitcoin Price User VIP level and fee rates are updated daily at 02:00 (UTC) to correspond with the fee schedule in the table below.