Every trade on Binance incurs a fee. The fee rate depends on your VIP level -- the higher your trading volume, the higher your tier, and the lower your fees. Understanding your fee tier and how to reduce it can save you a significant amount over time. Sign up on Binance to check your fee information.
How to Check Your Fee Tier
On the App
- Open the Binance App > Tap the profile icon in the top left
- Your current VIP level is displayed at the top of your profile page
- Tap the VIP level area to enter the details page
- View your current fee rates, trading volume, and upgrade progress
On the Web
- Log in to the Binance website
- Click the profile icon in the top right > "Fee Schedule"
- The page displays your current VIP level and corresponding fee rates
Detailed Fee Information
On the fee details page, you can see:
- Spot trading Maker/Taker rates
- Futures trading Maker/Taker rates
- Your 30-day total trading volume
- How much more volume you need for the next VIP level
Binance VIP Levels and Fee Rates
Spot Trading Fees
| VIP Level | 30-Day Volume (USDT) | Maker Fee | Taker Fee |
|---|---|---|---|
| VIP 0 | < 1M | 0.1000% | 0.1000% |
| VIP 1 | >= 1M | 0.0900% | 0.1000% |
| VIP 2 | >= 5M | 0.0800% | 0.1000% |
| VIP 3 | >= 20M | 0.0420% | 0.0600% |
| VIP 4 | >= 50M | 0.0420% | 0.0540% |
| Higher | More volume | Lower rates | Lower rates |
Most regular users are at VIP 0.
Futures Trading Fees
Futures fees have a similar structure but different values. Futures Maker fees are typically lower. At some VIP levels, the Maker fee is even zero or negative (meaning the platform pays you a rebate).
Download the Binance App to check your trading volume and fee tier in real time.
How to Lower Your Fees
Method 1: Enable BNB Fee Deduction
The simplest and most effective method. Paying fees with BNB gives you a discount.
How to enable: App > Settings > Use BNB for Fee Deduction > Toggle On
Make sure you hold enough BNB in your spot account first.
Method 2: Use Limit Orders
Limit orders are charged at the Maker rate, which is lower than the Taker rate at some VIP levels. Use limit orders instead of market orders whenever possible.
Method 3: Increase Trading Volume
Higher trading volume means a higher VIP level and lower fees. But don't make unnecessary trades just to lower fees -- you might lose more from bad trades than you save on fees.
Method 4: Hold BNB
Holding a certain amount of BNB can help you reach or maintain VIP levels. Check the Binance fee page for specific requirements.
Method 5: Participate in Promotions
Binance frequently offers fee discount events and rebate promotions. Follow Binance announcements and the events page.
Sign up on Binance and enable BNB fee deduction as your first step.
How Fees Are Calculated
Spot Trading Fees
Fee = Trade Amount x Fee Rate
Example: You buy 10,000 USDT worth of BTC at VIP 0, Taker rate 0.1%
Fee = 10,000 x 0.1% = 10 USDT
With BNB deduction (25% discount): Fee = 10 x 75% = 7.5 USDT
Futures Trading Fees
The calculation is the same, but the base is the position value (including leverage).
With 10x leverage and 1,000 USDT margin, position value is 10,000 USDT:
Fee = 10,000 x Fee Rate
So higher leverage means higher absolute fee amounts.
Hidden Fee Costs
Cumulative Cost of Frequent Trading
Each trade at 0.1% seems small, but if you trade 10 times daily at 10,000 USDT each:
Daily fees = 10,000 x 0.1% x 10 = 100 USDT Monthly fees = 100 x 30 = 3,000 USDT
That is a significant monthly expense.
Futures Fees Are Even Higher
Due to leverage, actual futures fees are much higher than spot. 10x leverage means fees are also amplified 10x.
Slippage Cost
Beyond explicit fees, market orders can incur slippage costs. For large trades, slippage may exceed the trading fee itself.
FAQ
How often is the VIP level updated?
Binance updates your 30-day rolling trading volume and VIP level daily. Level changes take effect the next day.
Are fees the same for all trading pairs?
Most trading pairs use the standard VIP fee schedule. However, some special pairs (like stablecoin pairs) may have different rates.
Are fees different on the Binance App vs. the web?
No difference. Fee rates are exactly the same regardless of whether you trade via the app or web.
Can referring friends lower my fees?
Referring friends earns you trading rebates, effectively reducing your trading costs. However, it does not directly affect your fee tier level.
Safety Tips
- Understand the fee structure before trading to avoid unexpected costs
- Enabling BNB fee deduction is the best way to save money
- Do not overtrade just to upgrade your VIP level
- Be aware of leveraged fee costs in futures trading
- Regularly review your fee expenditure and optimize your trading strategy