Trading fees are a fact of life on any exchange, but Binance offers one of the most competitive fee structures in the industry. Understanding how fees work — and how to reduce them — can save you a meaningful amount over time, especially if you trade frequently.
Binance Spot Trading Fees: The Basics
Binance charges a fee on every completed spot trade. The standard fee structure is:
- Standard fee rate: 0.1% for both maker and taker orders
This means for every $1,000 traded, you pay $1.00 in fees. This applies to both the buy and sell sides of a trade.
What Are Maker and Taker Orders?
The maker/taker distinction is fundamental to how Binance categorizes orders:
Maker orders add liquidity to the order book. These are limit orders that are placed and wait for the market to come to them. When you place a buy limit order below the current price, you are a maker.
Taker orders remove liquidity from the order book. These are orders that execute immediately against existing orders. Market orders are always taker orders. A limit order that crosses the spread and fills immediately also counts as taker.
At Binance's base level, maker and taker fees are both 0.1%. But at higher VIP tiers, maker fees drop more aggressively — rewarding traders who provide liquidity.
VIP Fee Tiers
Binance operates a VIP system that reduces fees as your monthly trading volume increases. VIP status is assessed based on your 30-day spot or futures trading volume (whichever is higher).
The general structure:
| VIP Level | 30-Day Volume | Maker Fee | Taker Fee |
|---|---|---|---|
| Regular | < 1,000,000 BUSD | 0.1000% | 0.1000% |
| VIP 1 | 1,000,000 BUSD | 0.0900% | 0.1000% |
| VIP 2 | 5,000,000 BUSD | 0.0800% | 0.1000% |
| VIP 3 | 20,000,000 BUSD | 0.0700% | 0.0900% |
| VIP 4 | 100,000,000 BUSD | 0.0500% | 0.0800% |
Note: Exact thresholds and rates may be updated by Binance. Always check the current fee schedule on the Binance Fee Rate page.
Even a move from 0.1% to 0.09% represents a 10% reduction in trading costs — significant for high-volume traders.
How to Reduce Your Trading Fees
Method 1: Pay Fees in BNB (25% Discount)
The most impactful and accessible fee reduction for any user is enabling BNB fee payment. When you hold BNB in your Spot wallet and enable the "Use BNB to pay trading fees" option, Binance applies a 25% discount.
Standard fee: 0.1% With BNB: 0.075%
To enable:
- Go to your Profile > Dashboard (or User Center)
- Find the Trading Fee section
- Toggle Using BNB to Deduct to ON
Your BNB balance is automatically used for each trade fee. If it runs out, fees revert to the standard rate. Keep a small BNB balance topped up.
Method 2: Increase Your Trading Volume
Trading more per month moves you up the VIP tiers. If you are close to a threshold, consolidating your trading activity on Binance (rather than spreading across exchanges) can push you to the next level.
Method 3: Use Maker Orders (Limit Orders)
At higher VIP levels, maker fees are significantly lower than taker fees. Develop the habit of placing limit orders instead of market orders. This becomes more valuable as your volume grows and you reach higher VIP tiers where the maker/taker gap widens.
Method 4: Use Referral Bonuses
When you sign up with a referral link, Binance may offer an additional fee rebate. This can mean a percentage of your fees is returned as a bonus. The exact terms vary and are defined at sign-up.
Method 5: Watch for Fee Promotions
Binance periodically runs zero-fee promotions on specific trading pairs. For example, Binance has historically offered zero-fee spot trading on BTC pairs for a limited time. Monitor Binance announcements for these opportunities.
Futures Trading Fees
Binance Futures (both USDM and COINM) has its own fee structure, typically lower than spot:
- Standard maker fee: 0.02%
- Standard taker fee: 0.04%
Combined with the BNB discount (25% reduction), futures fees drop to:
- Maker: 0.015%
- Taker: 0.03%
Futures fees also follow a VIP tier system based on 30-day volume.
Withdrawal Fees
Withdrawal fees are separate from trading fees and vary by coin and network. These are fixed fees per transaction, not percentage-based.
Examples:
- BTC withdrawal: ~0.0004 BTC (~$26 at $65,000 BTC)
- ETH (ERC-20): ~0.0005 ETH (~$1.50 at $3,000 ETH)
- USDT (TRC-20): ~1 USDT
- USDT (ERC-20): ~15 USDT
To minimize withdrawal fees, use cheaper networks (TRC-20, BEP-20) and batch multiple withdrawals into one larger transaction.
Deposit Fees
Binance does not charge fees for cryptocurrency deposits. Fiat deposit fees depend on the method and region but are typically zero to minimal.
Convert Feature Fees
The Binance Convert feature has no explicit trading fee displayed. However, the conversion rate includes a small spread (difference between buy and sell price). This spread is effectively the fee — typically 0.1%–0.5% depending on the pair.
For exact price control and lowest fees, use the spot market instead of Convert for large amounts.
P2P Trading Fees
P2P (peer-to-peer) trading on Binance is zero-fee for both buyers and sellers. Sellers set their own prices, which may include a premium above market rate, but there is no explicit Binance fee charged.
How to View Your Fee History
To track fees you have paid:
- Go to Orders > Trade History
- Export the history as CSV
- The fee column shows fees paid for each trade
Alternatively, use the Transaction History under Wallet for a comprehensive view including trading fees, withdrawal fees, and more.
Calculating Your Effective Trading Cost
To calculate your effective fee for a round trip (buy and sell):
- Buy: 0.1% × trade size
- Sell: 0.1% × trade size
- Total round-trip cost: 0.2% of trade size (with no BNB discount)
With BNB: 0.075% × 2 = 0.15% round-trip
For a $10,000 position:
- Without BNB: $20 in fees
- With BNB: $15 in fees
Over hundreds of trades, the savings accumulate significantly.
Summary: Fee Reduction Priority List
- Enable BNB fee payment immediately (easy, instant 25% saving)
- Keep enough BNB on your Spot wallet to cover fees
- Use limit orders where possible, especially at higher VIP levels
- Consolidate trading volume on Binance to maintain VIP status
- Watch for zero-fee promotions on specific pairs
- Sign up with a referral link for ongoing rebates
Get Started Today
Ready to begin? Sign up on Binance using our referral link and enjoy permanent trading fee discounts.
You can also download the Binance app to trade anytime, anywhere.