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Binance offers the Managed Sub-Account function purely as a technological solution to meet the needs of the Account Owner and Designated Trader. Binance is not a party to any contract entered into between the Account Owner and Designated Trader.
Designated Traders may utilize the Designated Trading Fee function to calculate the respective trading fees.
Please note that the fees are calculated based on your input. The amount calculated using the Designated Trading Fee function is for your reference only and is not an invoice or proof of charge. For the avoidance of doubt, we will not charge any Designated Trading Fee on your behalf.
Who can use the Designated Trading Fee function?
Designated Traders of Managed Sub-Accounts may use the Designated Trading Fee function to calculate fees as a percentage of the assets held in each Managed Sub-Account.
For more information about Managed Sub-Accounts, please refer to How to Get Started with Managed Sub-Account Function, and Frequently Asked Questions.
What are the features of the Designated Trading Fee function?
- Set and adjust the Designated Trading Fee rate;
- View the total balance, Designated Trading Fee rate, Designated Trading Fee amount, and Designated Trading Fee history for each Managed Sub-Account;
- Download Designated Trading Fee reports.
How to set and adjust the Designated Trading Fee rate?
1. Log in to your Binance account and click [Profile] - [Sub Accounts].
2. Select [Transaction History], then click [Designated Trading Fee].
3. If this is your first time visiting this page, you will see a pop-up with tips for using this function.
4. Check the box next to the Managed Sub-Account(s) you want to apply (to set or adjust) the Designated Trading Fee rate.
5. Click [Fee Settings].
6. Enter the Designated Trading Fee rate and click [Apply] to confirm.
7. You can view the applied Designated Trading Fee rate on the overview page.
How does Binance calculate the Designated Trading Fee?
For each Managed Sub-Account, a snapshot of the total balance will be automatically taken at 23:59:59 (UTC+0) daily. Based on the snapshot, the system will calculate the Designated Trading Fee amount at 08:00:00 (UTC+0) the next day and apply the latest fee percentage you set. The Designated Trading Fee amount is calculated as follows:
Designated Trading Fee Amount (T) = Total Balance (as of T 23:59:59 UTC+0) * Designated Trading Fee% (as of T+1 08:00 UTC+0) / 365 days
The Designated Trading Fee will be recalculated if any Managed Sub-Accounts are disconnected and subsequently reconnected again.
What can I view from [Overview]?
On the [Designated Trading Fee] page, you can view the following information:
- Total Balance (USDT): The latest EOD (end of the day) total balance in USDT;
- Designated Trading Fee % (p.a.): The latest Designated Trading Fee rate applied;
- Amount (USDT): The cumulative Designated Trading Fee amount in USDT;
- Total Amount (USDT): The total Designated Trading Fee amount in USDT.
You can also filter accounts without Designated Trading Fee settings by checking the box next to [Hide without fee settings]. To download reports, click the [XLSX] download button on the top right.
What can I view from [Details]?
To view details of a specific Managed Sub-Account, click [Details] under the Action column.
You can view the following information:
- Total Balance (USDT): The EOD total balance in USDT;
- Designated Trading Fee % (p.a.): The Designated Trading Fee rate accrued to this Managed Sub-Account;
- Amount (USDT): The Designated Trading Fee amount in USDT;
- Total Amount (USDT): The total Designated Trading Fee amount in USDT.
You can also view details for a specific period by customizing the time range from [Period]. To download reports, click the [XLSX] download button on the top right.
*Note: The data shown in this FAQ are mock-ups for reference only.
To learn more about Binance VIP accounts, visit the VIP FAQs page.