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Zero Maker Fee Promotion: Trade Cryptocurrency Fee Free with BUSD @ Binance

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Zero Maker Fee Promotion: Trade Cryptocurrency Fee Free with BUSD @ Binance
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tajid on 14/02/2021 - 13:34 binance.com (491 clicks)
Last edited 22/02/2021 - 18:42 by 1 other user

For those looking to get into crypto for the first time or active traders, having zero trade fee is always beneficial.

Deposit your AUD via osko.
Trade your AUD to BUSD (pegged 1:1 to USD)
Trade BUSD with any coin pairs - there is no brokerage fee until June 2021.

This offer had been extended a few times.

Other than BUSD pair, the trade fee is really low, 0.1% (which can be further lowered if you own BNB and meet their minimum trades over 30 day period).

Sign up with referral link to get 'cashback' on your trade fee. All the best.

Referral Links

LITE - USDT: random (100)

Referrer and referee receive $100 USDT cashback voucher each when referee deposits $50.

Standard: random (135)

Referees get 0-20% of commission from trading fees. Referrers get 10-40% of commission from trading fees.

Financial Cryptocurrency

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closed Comments

  • vodamerc on 14/02/2021 - 13:44
    +2

    Remember this is only for market 'makers', ie limit orders placed into the book. If placing a market order the fee will still apply.

    • Arigato on 14/02/2021 - 15:19

      So are you better off doing as OP says AUD->BUSD->BTC or just trade directly AUD->BTC

      • tajid on 14/02/2021 - 15:38
        +1

        AUD BTC if you only do one off trading.

        If you do multiple buy & sell a day, BUSD will save you on trade fee.

  • confusedhuh on 14/02/2021 - 13:57

    I have heard people complaining about not being able to withdraw funds from Binance - can anyone who actually uses it comment please ?

    • tajid on 14/02/2021 - 14:00
      +2

      After withdrawing for quite a bit, they will ask you to send a video verification to them.

      If you withdraw small amount, I wouldn't think this will be triggered. At the end of the day, it's additional safety verification for them.

      You'd appreciate this if somebody was trying to withdraw your coins without your permission.

      • sitdowndisco on 14/02/2021 - 20:15

        How do you handle cgt?

        • ph81 on 14/02/2021 - 22:31

          Depends. I'm using CryptoTaxCalculator. Easy as with Binance as it has an API that connects and all your transactions are recorded and ready for tax time.

          • darkmattersunB6c0MV on 15/02/2021 - 08:04
            +1

            @ph81: There is also koinly to calculate tax. But you have to pay to get a tax report- worth it if you have numerous transactions.

            • ph81 on 15/02/2021 - 08:06

              @darkmattersunB6c0MV: Yep, that's the same with CTC. It's claimable on tax and it'll save your sanity as well if you have a fair few transactions.

    • Arigato on 14/02/2021 - 15:22

      I verified my identity and withdrew in the same evening. Instant bank transfer.

  • [Deactivated] on 14/02/2021 - 14:04

    Binance is the best for Crypto currency

    • TEER3X on 14/02/2021 - 14:07

      Can you buy doge?

      • OZB Al on 14/02/2021 - 14:09
        +4

        Yes, but why would you?

      • tajid on 14/02/2021 - 14:11

        Yes, Binance is one of (if not) the largest crypto exchanges.

        • pyramid on 14/02/2021 - 15:13

          It doesnt allow to buy LTC using AUD isn't it ?

          • tajid on 14/02/2021 - 15:19

            @pyramid: No, but you can swap to BUSD (free with limits order) then buy using it.

      • darkmattersunB6c0MV on 15/02/2021 - 08:05

        Doge is coming up with a few updates. What started as a joke, it just might have some utility šŸ˜Š

  • deanwan on 14/02/2021 - 14:12
    +1

    The ref links give between 0 to 20%, happy hunting!

    • OZB Al on 14/02/2021 - 15:47
      +1

      It's just a pity that you have no way of knowing if you're going to get 0%, 10% or 20% off when you click a link. Since all members can create a 10% off link we should have a minimum 10% off policy (you need to hold 500 BNB to create a 20% off link).

      • deanwan on 14/02/2021 - 19:42
        +1

        It shows the % up when you click a ref link

        • OZB Al on 14/02/2021 - 23:46
          +1

          I see what you mean, when you click on the link it says "Your commission kickback rate: 10%". I guess we could just highlight that new users should check that.

          • Ben10000 on 16/02/2021 - 11:05
            +1

            @OZB Al: Thanks guys, only because of your comments I was able to find the referral code with 20% and most of them were 0%.

            Thanks again.

          • spriggy on 17/02/2021 - 21:13

            @OZB Al: which link is this? I input the referral code at the sign up and couldn't seea % up or commission kickback rate

  • OZB Al on 14/02/2021 - 15:37

    FYI What Do "Maker" and "Taker" Mean?

  • darkmattersunB6c0MV on 15/02/2021 - 08:02

    Please note that this is long running. Binance have been extending this "deal" for the last few months.

    • tajid on 15/02/2021 - 08:16

      Yep as mentioned in the OP.

  • jamba on 16/02/2021 - 06:29

    I created an account and tried to deposit and this is the message I got

    "Your account is under risk verification review and It's expected to be completed in 2021-02-27"

    Have to wait till the 27th!!!

    • drturner on 18/02/2021 - 21:35

      Created an account last week and deposited $14k.
      Put an order in for $14k of bitcoin (would now be worth $16k) more than a week ago.
      Transaction has been ā€œprocessingā€œ ever since.
      Put in a ticket to investigate. After a few days, I get an email saying because they havenā€™t got around to investigating, they have closed my ticket. WTF?
      Got on chat a few days ago (after an hour wait). They told me that they would sort it immediately and email and/or call me. I expressed my lack of confidence this would occur & was assured it was a priority.
      Guess what?
      I will chase my money, withdraw and dump this mob ASAP.

      • tajid on 18/02/2021 - 22:36

        How did you put an order????

        Do it via 'Markets' - this is live.

        • drturner on 18/02/2021 - 23:06

          Just starting out and wasn't sure of the best way to purchase, so I tried some smaller transactions which went through fine.
          I have been using the iphone app - went to "Markets" -> "FIAT" -> "BTC/AUD", pressed "BUY" button and selected $14k that I had in FIAT AUD to buy at MARKET PRICE.

          How long should that transaction take to go through? Can I cancel?
          My BTC wallet is empty, but FIAT AUD wallet says I have $14k, but when I select it, it says the total $14k is "processing". Been this way for more than a week. Can't access the money to purchase or withdraw. Same BTC now worth $16k.

          • tajid on 19/02/2021 - 07:19
            +1

            @drturner: Maybe you put a limit order with price that hasn't been hit? e.g. you put AUD60k as the price and price has been above it?

            You can go to orders and check your open orders.

            • drturner on 19/02/2021 - 07:42

              @tajid: Thank you for your help. I was wondering the same, but ā€œopen ordersā€ is empty for all wallets.

  • IpGem on 17/05/2021 - 17:13

    Just wondering how can I buy BUSD with the deposited AUD? The binance website is like a dense maze to me.

    • IpGem on 17/05/2021 - 17:59

      OP, so I can see it's not converting 1:1 for AUD/BUSD pair, it is currently showing ~386 BUSD for 500 AUD. Am I missing something?

      • tajid on 17/05/2021 - 18:38

        BUSD is Binance USD and therefore it's more of 1:1 with USD.

        • IpGem on 17/05/2021 - 20:06

          Deposit your AUD via osko.
          Trade your AUD to BUSD (pegged 1:1 to USD)

          Just wondering if this is still applicable? I am new to this and need some assistance.

          • tajid on 17/05/2021 - 20:31
            +1

            @IpGem: Sorry, what part of it wasn't clear??

            BUSD is pegged to USD (it is not AUD).

            • IpGem on 17/05/2021 - 20:46

              @tajid: Got it now. I misunderstood and thought pegged 1:1 AUD

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