Binance Charging High Fees on Ethereum Purchase—Not As Advertised

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Ramazan
September 10, 2024 4:40 pm
186

I’ve been trading on Binance Global because I read that their commission rates were low. However, when I purchased $12 worth of Ethereum, only $11.40 remained after fees. Binance is charging more than what they advertise for commissions, and I’m being hit with higher fees than expected. Why are the commission rates so high? It’s impossible to make a profit on the spot market if Binance continues to take such large cuts. I expect Binance to stick to their advertised commission rates and provide an explanation for these discrepancies.

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