Fees, surcharges, and automatic gratuity are all words that are becoming synonymous with the raging inflation we are experiencing. Recently, I’ve been noticing this quiet trend in a majority of the bills I see after enjoying a meal. I look down at the fine print and have been seeing these mandatory “surcharges” of three to ten percent! The world seems to be nickel and diming us for money they lost during the pandemic and expecting us to pay for it with what is technically a self-imposed tax.
Even on crypto exchanges like Coinbase, with their outrageously high trading fees, have recently announced discontinuing their “Coinbase Pro” platform that at least offered trading fees that were a third of their main Coinbase platform.
Fees kill the power of compounding. Every cent that is taken in fees equals to hundreds of thousands of dollars in future savings. That’s why I’ve always used Binance.US as my primary platform for purchasing Bitcoin.
Binance.US is now offering free bitcoin purchases. Prior to this announcement, their fees was still the lowest around. It was one-fifth that of Coinbase Pro and one-fifteenth that of Coinbase. With a recent upgrade to their network, Binance Smart-Chain (BSC), U.S. citizens can now take advantage of moving various cryptocurrencies cross-platform for cents using their token, BNB, saving a ton in gas fees. They also offer a 25% discount when using BNB to pay for trading fees.
If you haven’t signed up for an account yet, now is the time. I don’t recommend buying anything other than bitcoin but it’s your money and you’re free to do whatever you want to do with it.
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