Binance users can buy and sell ether (ETH) for BUSD without paying any trading fees.
From 00:00 (UTC) on August 26, 2022, Binance will officially open ETH/BUSD zero-fee spot trading.
Validity period: August 26, 2022 00:00 (UTC) to September 26, 2022 00:00 (UTC).
During the event, Binance will waive the 0.1% handling fee for the ETH/BUSD spot trading pair, but will not charge any hidden fees to make up for the loss of profits caused by the waiver of handling fees.
Go to Binance’s Official Website
Reasons for waiving fees
Earlier this year, Binance waived fees for Bitcoin transactions.
ETH transactions deserve the same treatment.
The Ethereum merger is imminent, and it is expected that there will be an influx of new and existing cryptocurrency users interested in the Ethereum ecosystem and its native asset, ETH.
With users first, Binance wants to minimize the transaction threshold and give everyone the opportunity to buy and sell ETH.
Like Bitcoin, Ethereum is an important cornerstone of the Web3 ecosystem. ETH is the second most popular digital asset in terms of volume. In addition, the Ethereum blockchain is the start-up platform for many decentralized applications (DApps), paving the way for the development of decentralized finance and non-fungible tokens and the application of smart contracts in cryptocurrencies.
User first concept by Binance
Some might see this as a marketing gimmick or a publicity hype to attract users.
But for Binance, this move is just another example of the core value of user first.
Although some profits will be lost by waiving fees, the company’s capital reserves are very sufficient and will never make up for losses through any covert operations.
Binance’s reason for waiving ETH/BUSD spot transaction fees is simple: lowering the purchase threshold will allow more users to participate in this important event that belongs to Ethereum and the entire cryptocurrency ecosystem.
Go to Binance’s Official Website
Please check Binance official website or contact the customer support with regard to the latest information and more accurate details.
Binance official website is here.
Please click "Introduction of Binance", if you want to know the details and the company information of Binance.
Comment by Hans
April 24, 2024
as I am trading here various assets, for me it's the most important feature. i mean, flexibility in tradable markets. i alternate trading styles, meaning that sometimes I trad...