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Beware of Binance's shadow fees during purchases with a Debit/Credit card

Binance

Cryptocoins Exchanges / Binance 258 Views

While they're claiming that their fees only quantity to 2% of the transaction, they're charging additional 2,5% by way of unfold which they inform you about in the mean time of confirming the purchase; and additionally to this they add 2% of spread-slippage when the purchase is actually made after you confirmed it.

Effectively the entire payment you're charged with when doing direct purchases with them is 6.5% (+- round 0.05).

submitted by /u/ReasonablePossum_
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