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Every virtual currency exchange publishes a fee schedule. Almost every reader looks at exactly one number on it, and that number is usually not the one that determines what they pay. If you are opening an account and want the discount before reading the mechanics: my referral code is BBBKK at https://www.binance.com/register?ref=BBBKK - roughly 20% off spot trading fees - and the verification step at the end of this article is what makes it real. Now the schedule.
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Yinghui Chen (2026) studied this question.
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