The leading crypto exchange, Binance is now offering zero trading fee for all the assets available to trade on its Wallet. Under this plan, Binance Wallet users would be able to swap or buy assets while paying zero fees but they would be required to pay gas fees.
According to the official announcement, the promotional period for zero trading fees on Binance Wallet starts from March 17 at 8:00 UTC and it will continue for the next five months, until 17 August.
“During the Promotion Period, trading fees for all swaps are waived,” said Binance, Adding “ However, users will still need to pay for network gas fees.”
The announcement also clarifies that only those swaps would be paying zero fees which are conducted through the integrated swap and bridge features or Quick Buy in Binance Alpha within the wallet. “Transactions made via third-party dApps do not qualify,” it read.
To note, the waiving of fees is not on trading on Exchange but it is specifically for Binance Wallet users who swap, bridge and buy assets. As Binance is currently the largest crypto exchange, it generates billions of trading volume everyday. Since the past few years, it has been holding the position of most profitable crypto platform thus the waiver of trading fees on Binance Wallet marks a bonus for users.
Binance now has more than 264 million users worldwide and it has $139.3 billion in user funds. It has accumulated a trading volume of $13.4 billion in the past 24 hours. It has more than 350 crypto assets available to trade. The exchange recently made headlines with receiving $2 billion investment deal from Abu Dhabi’s MGX.
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