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C2C Fiat Accounts Will be Included in The Binance Calculations

The Malta-based exchange, Binance will now include asset balances and transactions in C2C fiat accounts while calculating  VIP levels and daily BNB holdings. The calculation will be upgraded from 14/12/2019 on the Binance exchange. Earlier, BNB held in the Binance wallet was not included in the daily BNB calculation. Now, with this upgrade, hourly snapshots will occur at random times. The calculation will further affect the Trading Fee VIP rating system and referral program. Fiat transactions will also be added to the VIP level calculation. Each VIP level has different levels of calculations and different taker/maker fees.

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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