The other way to reduce your Binance fees is to increase your trading volume. Binance offers eight levels of fee discounts (VIP 1-VIP depending on your 30-day trading volume (as measured in bitcoin). Each level also comes with a requirement that you hold a certain amount of BNB.
Why is the Binance coin going up?
Binance is one of the biggest exchange in the world. I guess it has the most logical reason to go up in alt coin market. When Binance gets a new customer he/she needs to buy BNB coin to pay less fee for transactions. If Binance goes up and more people use it; more people will need to buy BNB.
Will Binance coins go up?
According to its predictions, the value of the Binance Coin could rise to $123 by the very end of 2021, rising to $173 in 2022, and achieving a mean price of $250 by 2025.
Can you make money with Binance?
Simply put, storing (staking) your tokens on Binance automatically gives you the benefits of earning from your crypto token’s staking programs. With Binance Flexible Staking, you can earn extra tokens from 25 supported cryptocurrencies, no strings attached.
How much is Binance coin worth?
Binance Coin Price
Is Binance trading legit?
Binance is considered a safe exchange that allows user account protection via the use of Two Factor Authentication (2fa). On May 7, 2019, Binance experienced a major hack which resulted in 7000 Bitcoins stolen from the exchange.