What is Binance's trading fee?

Binance's trading fee structure is tiered, ranging from 0.10% to 0.02% for makers and 0.10% to 0.04% for takers, with discounts available for holding and using the exchange's native token, BNB.

Feb 16, 2025 at 09:55 pm

Key Points:

• Binance offers a tiered fee structure based on trading volume and account level.
• The trading fee ranges from 0.10% to 0.02% for makers and 0.10% to 0.04% for takers.
• Binance provides discounts for users who hold and use its native token, BNB.
• The fee structure is competitive compared to other major exchanges.

Binance Trading Fee Structure:

Tier 1

• Maker Fee: 0.10%
• Taker Fee: 0.10%

Tier 2

• Maker Fee: 0.09%
• Taker Fee: 0.09%

Tier 3

• Maker Fee: 0.08%
• Taker Fee: 0.08%

Tier 4

• Maker Fee: 0.07%
• Taker Fee: 0.07%

Tier 5

• Maker Fee: 0.06%
• Taker Fee: 0.06%

Tier 6

• Maker Fee: 0.05%
• Taker Fee: 0.05%

Tier 7

• Maker Fee: 0.04%
• Taker Fee: 0.04%

Tier 8

• Maker Fee: 0.03%
• Taker Fee: 0.03%

Tier 9

• Maker Fee: 0.02%
• Taker Fee: 0.02%

BNB Discounts:

Users who hold and use BNB, Binance's native token, are eligible for discounts on their trading fees. The discount is calculated based on the amount of BNB held in the user's account and is as follows:

• 20% discount for holding at least 1 BNB
• 50% discount for holding at least 5 BNB
• 100% discount for holding at least 20 BNB

Comparison with Other Exchanges:

Binance's trading fee structure is competitive compared to other major exchanges. Here is a comparison of the top five exchanges by trading volume:

Exchange	Maker Fee	Taker Fee
Binance	0.10% - 0.02%	0.10% - 0.04%
Coinbase	0.10% - 0.20%	0.30% - 0.50%
Kraken	0.08% - 0.26%	0.10% - 0.26%
Gemini	0.10% - 0.35%	0.10% - 0.35%
Huobi	0.08% - 0.15%	0.10% - 0.18%

FAQs:

• Q: How can I reduce my trading fees on Binance?
  A: You can reduce your trading fees by increasing your trading volume and by holding and using BNB.
• Q: What is the minimum trading fee on Binance?
  A: The minimum trading fee on Binance is 0.02% for both makers and takers who hold 20 BNB.
• Q: How do I calculate my trading fees on Binance?
  A: Your trading fees are calculated based on your trading volume, account level, and whether you are using BNB. You can use the Binance fee calculator to estimate your fees.
• Q: How often does Binance update its trading fees?
  A: Binance typically updates its trading fees once a year or as needed.
• Q: What are other factors that can affect my trading fees on Binance?
  A: Other factors that can affect your trading fees on Binance include your trading history, the type of order you place, and the market conditions.