Binance Imposes Transaction Fees on P2P Trading

Binance, the world’s leading cryptocurrency exchange company, announced on Wednesday 30, June 2021 that starting from today, July 1, 2021 P2P traders will start paying transaction fees.

The exchange giant disclosed in a statement sent to traders.

The statement reads, “Starting July 1, Binance will apply transaction fees to P2P trading. We would like you to understand the fee schemes should not significantly affect your trading experience on Binance P2P.  

“Binance P2P maintains absolutely 0 fees for takers who buy and sell cryptocurrencies on our highly secured platform. Supporting over 70 fiat currencies and 300 payment methods, we are the world’s largest peer-to-peer trading platform, and we strive to provide the best trading experience while maintaining the lowest trading fees in all markets.   

“If you intend to create trade advertisements and offer trades on Binance P2P, we would also like to welcome you to become a verified Binance P2P merchant for more benefits and discounts. All Binance P2P merchants who will enjoy a 20% discount on trading fees until further notice.”