Bittrex vs. Binance: Fees
Bittrex charges a flat fee of 0.25% on every trade. While it is on the higher side than the average, it is a fixed price that will save money in the long run. It is also an excellent option for those new to the game.
On the other hand, Binance charges 0.1% for every trade conducted on the platform. The Binance fee is one of the smallest in the industry.
Neither Bittrex nor Binance charges deposit fees nor withdrawal fees regardless of the payment methods you use to move the funds around in your account. However, if you withdraw crypto, there will be a transaction fee from the cryptocurrency blockchain. The amount deducted depends on the token withdrawn and not the exchange platforms.
Bittrex has a minimum order size of just 3 dollars. The platform has no limit on the order size, but it can impose restrictions if need be. If you exceed 1,000 open positions or 500,000 orders per day, the restrictions can be imposed.
For Binance, the amount of crypto bought and sold depends on the completed account verification. Creating an account only gets you 300 dollars worth of cryptocurrency to be bought or sold daily. By adding an ID to the account, the buying limit increases to 5,000 dollars worth of crypto per day. Verification of address further increases the limit to 50,000 dollars worth of crypto in a day.