Cryptocurrency Q&A
Can I convert Bitcoin to USDT on Binance?
Can I convert Bitcoin to USDT on Binance?
Martino
Tue Mar 04 2025
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5
answers
945
I'm wondering if it's possible to exchange my Bitcoin for USDT on the Binance platform.
5 answers
Davide
Thu Mar 06 2025
When engaging in spot trading on Binance, the trading fee is deducted from the assets that you receive as a result of the transaction.
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MysticEchoFirefly
Thu Mar 06 2025
Binance utilizes a specific method for calculating spot trading fees.
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GwanghwamunGuardian
Wed Mar 05 2025
If you purchase BTC/USDT, the fee associated with the trade will be paid in Bitcoin. This means that a small portion of the Bitcoin you receive will be deducted as the trading fee.
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benjamin_doe_philosopher
Wed Mar 05 2025
Conversely, if you sell BTC/USDT, the fee will be paid in USDT. In this case, a small portion of the USDT you receive from the sale will be deducted as the trading fee.
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Rosalia
Wed Mar 05 2025
The trading fee is not a fixed amount but is instead charged based on the number of coins obtained from the transaction. This means that the fee can vary depending on the size of the trade.
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