Binance Trading Fee Reduction: Detailed Money Saving Guide
Spot Trading Fees
Binance’s spot trading fees are divided into two parts:
Maker Fees: When a user places an order on the order book and the order is not executed immediately, the user is called a “maker”. Taker Fees: When a user immediately executes another user’s order with a market order or a limit order, the user is called a “taker”.
Binance’s spot trading fees are usually 0.10% (both maker and taker), but this can be reduced through various strategies.
Contract Trading Fees
Contract trading fees are divided into:
Futures Contract Fees: Includes delivery contracts and perpetual contracts fees, usually divided into maker and taker fees. Leveraged Trading Fees: In leveraged trading, fees are usually higher because of the larger trading volume.
1.3 Withdrawal Fees
Withdrawal fees vary depending on the currency being withdrawn. Withdrawal fees are generally fixed and do not vary with transaction volume or user level.
Binance provides a variety of ways to reduce transaction fees:
Binance users can choose to use BNB (Binance Coin) to pay transaction fees.
Steps: Buy BNB: Buy BNB on the Binance platform. You can purchase it through spot trading or recharge with fiat currency.
Set up BNB payment: Log in to your Binance account, go to "Account Settings" -> "Fee Settings" -> "Fees Discount", and choose to use BNB to pay the fees.
Fill in the invitation code when registering to enjoy spot contract fees refund
