What is the transaction fee of Binance Exchange?

Binance Exchange's transaction fees vary based on the trade type, trading pair, account level, and whether or not you use their native token, BNB.

Oct 03, 2024 at 06:12 am

1. Binance Exchange Transaction Fees

Binance Exchange, the world's leading cryptocurrency exchange, charges various transaction fees depending on the type of transaction, trading pair, and account level. Here is a breakdown of the fees:

2. Spot Trading Fees

• Maker Fee: 0.10% for trades that add liquidity to the order book (typically limit orders)
• Taker Fee: 0.10% for trades that remove liquidity from the order book (typically market orders)

3. Margin Trading Fees

• Maker Fee: 0.02% to 0.04% (varies based on account level)
• Taker Fee: 0.04% to 0.06% (varies based on account level)

4. Futures Trading Fees

• Maker Fee: -0.02% (fee rebate for adding liquidity)
• Taker Fee: 0.04%

5. OTC (Over-the-Counter) Trading Fees

• Negotiated: OTC trades involve direct negotiation between buyers and sellers, and transaction fees may vary depending on the size and complexity of the trade.

6. Deposit Fees

• Cryptocurrency Deposits: Free for most cryptocurrencies
• Fiat Currency Deposits: Variable fees may apply depending on the deposit method (e.g., bank wire, credit card)

7. Withdrawal Fees

• Cryptocurrency Withdrawals: Varies based on the specific cryptocurrency (e.g., 0.0005 BTC for Bitcoin)
• Fiat Currency Withdrawals: Variable fees may apply depending on the withdrawal method and local regulations

8. Additional Factors Affecting Fees

• Account Level: Higher account levels may qualify for lower transaction fees.
• Trading Volume: Traders with higher trading volumes may receive discounts on fees.
• BNB Usage: Using Binance's native token, BNB, can help reduce transaction fees.