Reasons to trade BTC on Binance: 🔸 0% trading fees 🔸 Industry-leading liquidity And more ⤵️
Compared to other major global exchanges, Binance’s BTC/USDT pair has greater order book depth, which lowers slippage and improves cost efficiencies when trading.
Trading fees aren’t the only costs when using an exchange, and users must be aware of the hidden costs arising from poor liquidity on order books. As we’ll demonstrate, Binance provides good market depth, low slippage rates, narrow bid-ask spreads, and a competitive fee structure to give users cost-efficient trading.
A maker is someone who adds liquidity to an exchange by placing orders that can be matched only at a certain price. A taker removes liquidity from the order book by matching outstanding orders. Typically, both of these parties pay fees to an exchange. However, Binance has removed these fees from the selected trading pairs.Apart from saving our users’ money, the fee removal has had other beneficial effects on the exchange’s order book.
Among all 13 BTC pairs, the average 2% market depth has improved by 35%* since removing maker and taker fees. This increase ultimately benefits users who can fill their market orders with less risk of price slippage.Comparing the daily average in the two weeks before the removal and in the 20 days after the removal, based on publicly available data.When trading on an exchange, you might sometimes find that a market order you had placed settles for a different price than you expected.
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