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by noitsnot 1772 days ago
I really have to question how Binance is pulling off basically no fee trading. There's something not right as if they may be hit with pretty hard regulation. Add in the Brian Brooks lasting two months as CEO of .US and Catherine Coley's short stint (and disappearance). I would transfer some of my funds over since they seemed to cleanup the customer service nightmare but it seems like too much unknown risk.
2 comments
cgb223 1772 days ago
The .us can’t do derivatives though. And once you sign up for it you can sign up for the .com

Made that mistake…

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fighterpilot 1772 days ago
They don't have any fees?
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noitsnot 1772 days ago
The first tier level is 0.0750% / 0.0750% (maker/taker) if you opt-in for your fees in BNB.

https://www.binance.us/en/fee/schedule

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fighterpilot 1772 days ago
Those are pretty large fees.
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noitsnot 1772 days ago
Give me a better option without suggesting Robinhood. Kraken is double and Coinbase Pro is x7. I'm U.S. based.
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dkersten 1772 days ago
Bybit? Their derivatives fees are 0.075% for takers just like Binance (and maker is -0.025%). Spot trading is 0.1% (and 0% maker fees).

https://help.bybit.com/hc/en-us/articles/360039261154

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fighterpilot 1772 days ago
Bybit and Bitmex are both better unless they're trading more than 5 million volume per month.

Ok, Huobi and FTX are competitive and you can negotiate with them.

And all of the above are obscenely expensive relative to legacy exchanges.

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jkhdigital 1772 days ago
LedgerX is CFTC licensed and offers BTC and ETH options and futures: https://www.ledgerx.com/

You can buy daily BTC/ETH which is delivered at 4pm, and the fee is a flat $5 per coin (so ~0.01% at the current BTC price). BTC is traded in 0.01 increments and ETH in 0.1 increments.

Caveat is that only wire deposits are accepted, so the wire fees plus network fees (if you withdraw your coins) can raise this cost substantially if you only trade small amounts.

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