$BTC Recently, I have seen many people in the square confused about the handling fee charges, with many people paying tens of thousands of U without knowing what happened. Today, I will explain in detail the fee charging rules of Binance.

1. First, let’s clarify the difference between Maker and Taker orders.

A Maker order is a limit order, meaning that the price has not yet reached your desired level, so you place a limit order first, and it will only execute when the price reaches your specified level; otherwise, it will not execute. A Taker order is when you buy directly at the current market price.

2. Now that we understand the difference between Maker and Taker orders, let's look at the fee rates. You can see the red marked rates in the image below, which are 0.02% and 0.05% if we do not consider the BNB discount. If you open a Bitcoin contract of 100 U at 100x leverage, your position is 10,000 U, so your Maker transaction fee would be 2 U, and the Taker fee would be 5 U. Note that the handling fee is charged in two parts: once when opening a position and once when closing it. For example, I often open positions with limit orders at the current price, while for closing positions, I usually use market orders for quick execution, so my total handling fee is 2 + 5 = 7 U.

One more point to note is that setting limit orders for profit-taking and stop-loss is actually also a market order, which is unavoidable because we want quick execution when closing positions. If we use a limit order and the price fluctuates too quickly, it might skip over your set price, causing the order not to be executed, which could lead to liquidation. I have experimented with this a few times, and the price has jumped over my set price. If it doesn’t come back, the order will remain unexecuted, and losses may continue to accumulate, leading to liquidation if you’re not careful.

3. Now that we know how the handling fees are charged, let's talk about how to save on them. The image shows that using BNB for deductions can reduce the handling fee by 10%. The method for this operation is to buy a small amount of BNB spot, transfer it to the contract wallet, and then select the option to settle fees with BNB. Additionally, you can activate the handling fee rebate feature, which allows you to get a portion of the handling fees you incur back, usually around 20% to 30%. If you need help with this, you can contact me. 🐷 My address is in the top comments, ensuring it's reliable and trustworthy.