Hello steemit community!
I'd like to share with you my idea how to decrise your transaction fees on binance to 0.04%. First of all binance is now the biggest cryptocurrency exchange with very low fee which is initially 0.1%. For investors its unnoticeable but for traders it is. In this post i'll show you how to decrise it by 60%.
Decrising fee by 50%
I think almost every binance user knows it. When you have BNB (biance coin) your fee is decrised by 50% to 0,05%
So all you have to do is buy small amout of BNB (whitch is by the way good investment). Smallest transaction on binance is 0.001 BTC ~ 10$
Decrising fee by another 20%
To do this you will have to take advantage of their referral program:
Just create another account using referral link from your current account.
Than transfer all your cryptocurrencies to new account and use it as your main now.
20% form your fees will go to your old account, where they will accumulate.
Last think I want to say is warning you about withdrawal fees. They don't depends on how much you want to withdraw. So to save your money its better to sell all your currencies and do one big withdraw.
Here you can check all withdrawal fees. https://www.binance.com/fees.html . As you can see NEO is free :)
This was my first article. I hope it will be clear and help at least one of you guys :)