Trading fees are an important factor affecting long-term returns, especially for frequent traders. As the world's largest exchange, Binance offers some of the lowest fees in the industry. Understanding how fees are calculated helps you plan your trading strategy more effectively. Sign up on Binance to view real-time fee rates in the App, and Download the Binance App to start trading.
Spot Trading Fees
Binance's standard spot trading fee rates are as follows:
| Trade Type | Maker | Taker |
|---|---|---|
| Regular user | 0.1% | 0.1% |
| BNB discount | 0.075% | 0.075% |
What Are Maker and Taker?
- Maker: You place a limit order that waits to be filled. For example, if BTC is currently at $60,000 and you place a buy order at $59,000, that's a maker order.
- Taker: You trade at the current market price immediately. For example, using a market order to buy or sell.
A practical example: You use 1,000 USDT to buy Bitcoin. The standard fee is 1,000 x 0.1% = 1 USDT. With BNB discount enabled, the fee drops to 1,000 x 0.075% = 0.75 USDT.
Futures Trading Fees
Futures trading fees are lower than spot:
| Contract Type | Maker | Taker |
|---|---|---|
| USDT-Margined | 0.02% | 0.04% |
| Coin-Margined | 0.01% | 0.05% |
Futures fees are calculated on the notional value of the position. For example, if you use 100 USDT margin with 10x leverage, the notional value is 1,000 USDT, and fees are calculated on 1,000 USDT.
Taker fee: 1,000 x 0.04% = 0.4 USDT Maker fee: 1,000 x 0.02% = 0.2 USDT
Note that fees are charged on both opening and closing a position, so a complete round-trip trade costs double.
VIP Tiers and Fee Discounts
Binance assigns VIP levels based on your trading volume and BNB holdings. Higher tiers mean lower fees:
- VIP 0 (Regular user): Spot 0.1%/0.1%
- VIP 1: Requires monthly trading volume of at least 1,000,000 USDT or holding at least 25 BNB
- VIP 2-9: Volume and holding requirements increase progressively, with fees decreasing at each level
For most retail traders, reaching VIP 1 already provides a solid fee discount.
How to Reduce Trading Fees
Method 1: Use BNB to Pay Fees
The simplest way to save. In the Binance App settings, enable "Use BNB for fees" and all your trading fees get a 25% discount. You just need to hold a small amount of BNB in your account.
Method 2: Use Limit Orders
Prefer limit orders (Maker) over market orders (Taker). Maker fees are typically lower than taker fees, and the difference is even more pronounced in futures trading.
Method 3: Referral Kickbacks
By using an invite link to Sign up on Binance, both the referrer and referred user receive trading fee rebates.
Method 4: Upgrade Your VIP Tier
If your trading volume is large enough, you can apply for a higher VIP level to access even lower rates.
Other Fees
Beyond trading fees, using Binance may also incur:
Withdrawal Fees
Withdrawing cryptocurrency from Binance to an external wallet requires a network fee. Fees differ by token and network:
- BTC withdrawal: approximately 0.0005 BTC
- ETH withdrawal: approximately 0.005 ETH
- USDT (TRC20) withdrawal: approximately 1 USDT
- USDT (ERC20) withdrawal: approximately 10-20 USDT
Futures Funding Rate
Perpetual futures charge a funding rate every 8 hours, paid between longs and shorts. This is not a fee collected by Binance, but rather an adjustment mechanism between the two sides. The rate can be positive or negative depending on market conditions.
P2P Trading Costs
P2P cryptocurrency trading itself carries no commission, but the spread between buy and sell prices represents a hidden cost.
Fee Calculation Example
Here's the total fee for a typical workflow:
- P2P buy 10,000 USDT: No fee
- Spot buy BTC (with BNB discount): 10,000 x 0.075% = 7.5 USDT
- Hold for a period then sell BTC: Assuming BTC is now worth 11,000 USDT, sell fee = 11,000 x 0.075% = 8.25 USDT
- P2P sell USDT: No fee
Total fees = 7.5 + 8.25 = 15.75 USDT, approximately 0.15% of the trade value.
FAQ
Are Binance fees expensive?
Among major exchanges, Binance's fees are among the lowest. Many smaller exchanges charge 2-3 times more.
Is using BNB for fee discount always worth it?
In most cases, yes, because you get a 25% discount. However, be mindful of BNB's own price volatility -- if BNB drops significantly, your loss from holding BNB could exceed the fees saved.
Can fees be refunded?
Normal trading fees are non-refundable. However, if a system error causes overcharging, you can contact customer support.
Are there any zero-fee trading pairs?
Binance occasionally runs zero-fee trading promotions, typically for specific trading pairs. Follow Binance's official announcements for the latest offers.
Safety Tips
- Check the latest fee information via the Download the Binance App
- Don't trust any third-party tool claiming to offer "fee-free" trading
- Ensure you have sufficient BNB balance before enabling BNB fee discount
- Regularly review your trade history and fee expenditure
- Before large trades, test with a small amount first to confirm the fee rate