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Transaction Fees
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Binance Futures will update trading fee discounts for traditional financial perpetual contracts on November 5, 2026.
Binance Futures will update trading fee discounts for traditional financial perpetual contracts on November 5, 2026.
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Recap: Ethereum mining pool Ethermine once distributed a $2.6 million exorbitant transaction fee to miners.
In June 2020, Ethereum mining pool Ethermine (operated by Bitfly) faced a unique situation: a user mistakenly paid an exceptionally high transaction fee of 10,668 ETH (worth approximately $2.6 million at the time) due to an operational error. After freezing the transaction and waiting for the sender to claim it for several days without success, Ethermine decided to distribute the fee to the miners active in its pool at the time. This incident occurred during Ethereum's Proof-of-Work (PoW) era; now that Ethereum has transitioned to a Proof-of-Stake (PoS) mechanism, such mining pool distributions are a thing of the past.
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BNB BNB: The Transaction Fee Discount Mechanism and Its Multiple Roles in the Ecosystem
BNB (BNB), as the core token of the Binance ecosystem, is primarily used to provide users with discounts on trading fees.Users can enjoy discounts at varying rates on spot, leveraged, and futures trading, with VIP tiers offering additional benefits. BNB also reduces its supply through an automatic burn mechanism and is widely used in the BNB Chain ecosystem for gas fees, governance, and new token issuance, among other scenarios. Its value is closely tied to the overall development of the Binance platform.
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Binance Futures will update trading fee discounts for traditional financial perpetual contracts on November 5, 2026.
Binance Futures will update trading fee discounts for traditional financial perpetual contracts on November 5, 2026.
-
Recap: Ethereum mining pool Ethermine once distributed a $2.6 million exorbitant transaction fee to miners.
In June 2020, Ethereum mining pool Ethermine (operated by Bitfly) faced a unique situation: a user mistakenly paid an exceptionally high transaction fee of 10,668 ETH (worth approximately $2.6 million at the time) due to an operational error. After freezing the transaction and waiting for the sender to claim it for several days without success, Ethermine decided to distribute the fee to the miners active in its pool at the time. This incident occurred during Ethereum's Proof-of-Work (PoW) era; now that Ethereum has transitioned to a Proof-of-Stake (PoS) mechanism, such mining pool distributions are a thing of the past.
-
BNB BNB: The Transaction Fee Discount Mechanism and Its Multiple Roles in the Ecosystem
BNB (BNB), as the core token of the Binance ecosystem, is primarily used to provide users with discounts on trading fees.Users can enjoy discounts at varying rates on spot, leveraged, and futures trading, with VIP tiers offering additional benefits. BNB also reduces its supply through an automatic burn mechanism and is widely used in the BNB Chain ecosystem for gas fees, governance, and new token issuance, among other scenarios. Its value is closely tied to the overall development of the Binance platform.
Transaction Fees
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