In this article, you can learn:
- How to use BNB to pay for margin trading fees and interest.
- By using BNB, you can enjoy discounts on Cross and Isolated Margin trading fees and Cross Margin interest.
When using BNB to pay margin trading fees:
- All Binance Margin traders can enjoy 25% off their trading fees when they use BNB to pay for both Cross Margin and Isolated Margin trades.
- VIP users can enjoy the 25% discount on fees on top of their existing VIP discount. For more detailed information, please refer here.
- For Cross Margin, you must maintain an adequate BNB balance in your Cross Margin account. If your BNB holding is insufficient, the discount cannot be applied.
- For Isolated Margin, standard trading fees are first charged on your Isolated Margin account. Subsequently, discounted trading fees will be charged on the BNB in your Spot account and the initial fees paid will be refunded to your Isolated Margin account within the next 48 hours. For the discount to apply, you must maintain an adequate BNB balance in your Spot account.
When using BNB to pay for Cross Margin interest:
- If you have borrowed multiple tokens on Cross Margin, this function will apply to all tokens.
- If you use BNB to pay for interest on funds you borrowed for Cross Margin trading, all interest will be calculated and accrued in BNB no matter how much BNB balance you have in your Cross Margin account.
- The interest calculated before enabling this function will not be included.
When using [Auto deducting BNB] function to pay for Cross Margin interest:
- If you enabled both [Using BNB For Interest] and [Auto deducting BNB], the system will automatically use your available BNB in spot wallet to pay the interest once a day.
- The available balance of the spot account will be used first. If the balance is insufficient, the available balance of the cross margin account will be used.
How to use BNB to pay trading fees and interest (via the settings page)?
If you’re using the Binance website:
1. Log in to your Binance account and go to [Profile] - [Settings].
2. Scroll down to [Trade] and click on [Manage]. Under the [Fee Deduction] tab, you can toggle the switch for [Use BNB to pay fees] and [Use BNB to pay Margin interests].
If you’re using the Binance app:
1. Log in to your Binance app and tap the [Account Center] icon, then tap the [Settings] icon.
2. In the Settings page, tap [BNB Discount].
3. Here you can toggle the switch for [Use BNB to pay fees] and [Use BNB to pay Margin interests].
Note: [Auto Deducting BNB] option cannot be enabled under system settings. To enable it, go to the trading page or wallet page.
How to use BNB to pay trading fees and interest (via the Margin trading page)?
If you’re using the Binance website:
1. Log in to your Binance account and go to [Trade] - [Margin].
2. Click on [Fee Level] and toggle the switch for [Using BNB for fees] to start using BNB to pay for trading fees.
3. Click on the [Settings] icon and toggle the switch for [Using BNB For Interest] to start using BNB to pay for interest (Cross Margin only).
4. Toggle the switch for [Auto Deducting BNB ] to start automatically using BNB to pay for interest once a day (Cross Margin only).
If you’re using the Binance app:
1. Log in to your Binance app and tap [Trade] - [Margin]. Tap [...] to access your settings.
2. Tap [Data] - [Fee].
3. Toggle the switches for [Use BNB to pay fees] and [Use BNB to pay Margin interests] here.
How to use BNB to pay Cross Margin interest (via Margin Wallet)?
If you’re using the Binance website:
1. Log in to your Binance account and go to [Wallet] - [Margin].
2. Click on the [Settings] icon and toggle the switch for [Using BNB For Interest] and/or [Auto deducting BNB].
If you’re using the Binance app:
1. Log in to your Binance app and tap [Wallets] - [Margin]. Tap the [Settings] icon.
2. Toggle the switch for [Using BNB to pay interest] here.
To learn more, visit FAQ: Introduction to Margin Trading.