Overall, you might pay around 10% on the actual price of BTC or other crypto your want to buy if you do it via Coinmama. It doesn’t end there as customers may be charged another fee by their bank, a Cash Advance fee depending on whether the financial institution views the transaction as a ‘cash’ transaction. In comparison to its main rivals, Coinmama charges quite high fees, with a 5.50% fee paid to Coinmama per transaction + an additional 5% fee on each credit and debit card transaction. Reduces base trading fees to as low as a 0.02% maker fee and a 0.04% taker fee.īelow is the comprehensive tabular overview of Binance fee structure: Level TypeĪ discount when paying trading fees with the BNB coin.Ī discount for holding different amounts of BNB in your account while meeting trade volume requirements. Standard Binance trading fees are 0.1%, but by using Binance native token BNB, you can make considerable reduction to the fees, currently 25% less if you check the option to pay fees in BNB (instead of paying them in the coin you are buying). It supports traders in 188 countries worldwide, and is also available in 24 US States. Coinmama is officially registered in Slovakia but is owned by an Israeli-based New Bit Ventures Limited. It immediately acquired 20,000 registered users as part of the raise.īinance exploded onto the crypto world in the mania of 2017 and has since gone on to become the top crypto exchange in the world.Ĭoinmama is a crypto exchange that was launched in 2013. The company raised around $15 million in an ICO in July 2017. Binance is popular for its crypto to crypto exchange services. Binance is one of the largest and most popular cryptocurrency exchanges which initially started in China but then relocated their headquarters to the crypto-friendly Island of Malta in the EU.
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