Cryptocurrency traders often ask: How much are Binance fees? With one of the largest trading volumes globally, Binance offers competitive rates across spot, futures, and options trading. But understanding the fee structure—and how to reduce it—is key to maximizing profits.
This guide breaks down Binance’s full fee schedule for trading, deposits, withdrawals, and more. We’ll also reveal three powerful strategies to cut your costs by at least 40%, helping you keep more of your returns.
Understanding Binance Trading Fees: Maker vs. Taker
Like most major exchanges, Binance charges different fees based on whether you're a maker or a taker in a trade.
- Maker (Limit Orders): You place an order that doesn’t execute immediately. This adds liquidity to the market by appearing in the order book.
- Taker (Market Orders): You instantly match with an existing order, removing liquidity from the market.
Because makers improve market depth and stability, they typically enjoy lower fees than takers.
Here’s a breakdown of Binance’s standard trading fees:
Binance Standard Trading Fee Rates
Spot Trading
- Maker: 0.10%
- Taker: 0.10%
Futures Contracts
- Maker: 0.02%
- Taker: 0.05%
Options Trading
- Maker: 0.03%
- Taker: 0.03%
💡 Special Promotions: Binance currently offers zero fees for maker orders on FDUSD trading pairs and taker orders on USDC pairs—ideal for cost-conscious traders.
How Are Binance Fees Calculated?
The formula is simple:
Trading Fee = Amount Traded × Applicable Fee Rate
For example, selling 1 BTC at $60,000 using a limit order (maker):
- Fee: 1 BTC × 0.10% = 0.001 BTC
- Net proceeds: $59,940 (after fee deduction)
This small percentage adds up over time—especially for active traders.
Are Binance Fees Expensive? A Comparison With Top Exchanges
Let’s compare Binance with two other leading platforms: OKX and Bybit.
| Trading Type | Binance (Maker/Taker) | OKX (Maker/Taker) | Bybit (Maker/Taker) |
|---|---|---|---|
| Spot Trading | 0.10% / 0.10% | 0.08% / 0.10% | 0.10% / 0.10% |
| Futures Trading | 0.02% / 0.05% | 0.02% / 0.05% | 0.02% / 0.055% |
While OKX has slightly lower spot maker fees, Binance remains highly competitive—especially when you apply discounts.
👉 Discover how to unlock exclusive low-fee trading opportunities today.
Binance Futures Trading Fees Explained
Futures trading on Binance incurs fees on both opening and closing positions. Whether you're trading USDT-margined or coin-margined contracts, the standard rates are:
- Maker: 0.02%
- Taker: 0.05%
Frequent traders can significantly reduce these costs through:
- VIP status (based on 30-day volume and BNB holdings)
- Using BNB to pay fees, which grants a 10% discount
Binance Futures Fee Discounts with BNB
| VIP Level | Maker (Standard) | Taker (Standard) | Maker (with BNB) |
|---|---|---|---|
| Regular | 0.02% | 0.05% | 0.018% |
| VIP 1 | 0.02% | 0.04% | 0.0144% |
| VIP 2 | 0.01% | 0.035% | 0.0126% |
To qualify for VIP tiers, users must meet both trading volume and BNB balance thresholds within 30 days.
Binance Options Trading Fees
Options trading involves two types of fees:
- Trading Fee: Charged when buying or selling an option (standard: 0.03%)
- Exercise Fee: Applied when the option is exercised (0.02%)
Both fees are capped at 10% of the option’s value, protecting users during volatile markets.
Binance Deposit Fees: What You Need to Know
Depositing funds into Binance is mostly free—but it depends on the method:
Cryptocurrency Deposits
- ✅ Free on Binance
- ⚠️ Network fees may apply from your sending exchange (e.g., when transferring USDT from a local exchange)
Credit Card Deposits
- Platform fee: ~2%
- Additional ~1.5% foreign transaction fee from your bank
👉 Start trading instantly with low-cost deposit alternatives—learn more here.
Credit card deposits are best suited for small, urgent top-ups due to higher combined costs.
For long-term savings, consider buying USDT on a local exchange and transferring it via blockchain.
Binance Withdrawal Fees: Keep More of Your Profits
Withdrawing assets from Binance incurs network-based fees—not charged by Binance itself, but paid to miners/validators.
USDT Withdrawal Fees by Network
| Network | Fee | Time |
|---|---|---|
| TRON (TRC20) | $1 | ~2 mins |
| BSC (BEP20) | $0.33 | ~3 mins |
| Ethereum (ERC20) | $6 | ~4 mins |
| Solana | $1 | ~2 mins |
💡 Tip: Use TRC20 or BEP20 for the cheapest and fastest USDT transfers.
BTC & ETH Withdrawals
Fees for Bitcoin and Ethereum are generally lower than stablecoins and vary based on network congestion.
Choose your withdrawal network wisely depending on urgency and current gas prices.
How to Reduce Binance Fees: 3 Effective Strategies
Even small fee reductions compound into big savings over time. Here are three proven methods:
Strategy #1: Use a Referral Code for Up to 25% Off
Signing up with a referral link can give you:
- 20% off all trading fees
- An extra 25% discount when using BNB, stacking up to 40% total savings
For spot trading:
- Standard: 0.10%
- With referral: 0.08%
- With referral + BNB: as low as 0.06%
This strategy alone can slash your costs by nearly half.
Strategy #2: Pay Fees in BNB for an Instant 25% Discount
Holding and using BNB to pay fees gives you an automatic 25% reduction across most services.
🔧 How to enable:
Go to your profile → Select “BNB Discount” → Toggle “Use BNB” ON
Once enabled, fees will be deducted in BNB at the discounted rate.
⚠️ Note: While this saves money, it exposes you to BNB price volatility.
Strategy #3: Join the Binance VIP Program
High-volume traders can qualify for VIP status through:
- Trading Volume Plan
- Holdings Plan
- Lending or Borrowing Plans
Each requires holding at least 25 BNB plus meeting volume or asset thresholds.
Sample VIP Fee Rates (Spot Trading)
| VIP Level | Maker Rate | Taker Rate |
|---|---|---|
| VIP 1 | 0.090% | 0.100% |
| VIP 3 | 0.042% | 0.060% |
| VIP 9 | 0.012% | 0.024% |
VIP members also get priority support, custom limits, and exclusive events.
How to Use Binance Fee Vouchers
Binance occasionally issues fee discount vouchers valid for spot, margin, futures, and NFT trading.
- Claim them in the Rewards Center
- They’re applied automatically the next day in USDT, USDC, or BNB
- ⚠️ Don’t let them expire—unused balances vanish after the expiry date!
How to Check Your Binance Fee History
Binance doesn’t offer a direct “total fees paid” dashboard, but you can review individual transactions:
Open App → Wallet → Spot Assets → Tap “History” → View transaction details
Repeat for futures or other accounts to track total spending.
Is Transferring Between Binance Accounts Free?
Yes! Using Binance Pay, internal transfers between Binance users are free—unless you exceed $140,000 in monthly transfers, where a $1 fee applies per transaction.
Is Binance Safe?
Absolutely. As the world’s largest crypto exchange by volume, Binance serves over 170 million users and operates under regulatory licenses in multiple countries including France, Italy, and Dubai.
Key security features:
- SAFU Fund: Emergency insurance fund created in 2018 to protect user assets
- Proof of Reserves: Monthly audits confirming full asset backing
- Global compliance and anti-fraud systems
It’s a trusted platform for both beginners and professionals.
What Is Binance?
Founded in 2017, Binance is the leading cryptocurrency exchange with:
- Over 350 tradable coins
- Daily trading volume exceeding $38 billion
- Services including spot, futures, staking, lending, and NFTs
Its global reach and robust infrastructure make it a top choice for traders worldwide.
Frequently Asked Questions (FAQ)
Q: Can I avoid all Binance trading fees?
A: Not entirely—but you can reduce them significantly using referral codes, BNB payments, and VIP status. Some promotions even offer zero fees on select pairs like FDUSD and USDC.
Q: Does using BNB always save money?
A: Generally yes—but only if you’ve enabled the discount feature. Also, consider BNB’s price volatility before holding large amounts just for fee discounts.
Q: Are withdrawal fees fixed?
A: No—they fluctuate based on blockchain congestion. Always check current rates before withdrawing.
Q: How quickly do fee vouchers get credited?
A: Within 24 hours after redemption, credited as USDT, USDC, or BNB to your spot wallet.
Q: Do I need high volume to benefit from fee reductions?
A: Not necessarily. Even casual traders save with referral codes and BNB usage. High-frequency traders gain the most from VIP tiers.
Q: Is there a way to automate fee optimization?
A: Yes—enable the BNB discount setting once, and it applies automatically to all future trades.
By understanding and optimizing your fee structure, you’re not just saving on costs—you’re boosting your overall return potential. Whether you're new or experienced, every percentage point counts in the fast-moving world of crypto trading.
Apply these strategies today and trade smarter on one of the world’s most powerful platforms.
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