What are the trading fees on Binance?

Binance offers competitive trading fees starting at 0.1% for spot trades, with discounts available through VIP tiers, BNB usage, and varying market structures.

Jul 04, 2025 at 09:21 am

Understanding Binance Trading Fees

When users begin trading on Binance, one of the first concerns is understanding how trading fees are structured. Binance, being one of the largest cryptocurrency exchanges globally, offers a transparent and competitive fee model. The fees vary depending on several factors including the type of trade, payment method, user tier level, and whether BNB (Binance Coin) is used to pay for fees.

Trading fees on Binance typically start at 0.1% for standard spot trades.

This applies to both makers and takers if no discounts or special conditions apply. However, this base rate can be reduced significantly based on various criteria.

Making vs. Taking: Fee Differences

On Binance, there is a distinction between maker and taker orders, which directly affects the fee you pay.

• Maker orders add liquidity to the market by waiting to be filled. These usually incur lower fees.
• Taker orders remove liquidity from the order book by being filled immediately. These generally have slightly higher fees.

The exact rates depend on your 30-day trading volume and whether you're using BNB as the fee currency. For example, a maker fee might be around 0.02% while a taker fee could be approximately 0.07%, especially for users with high trading volumes or VIP status.

VIP Tiers and Fee Discounts

Binance has a tiered system that rewards frequent traders with reduced fees. There are multiple levels ranging from VIP 0 to VIP 9, each offering progressively better fee structures.

To qualify for a VIP tier:

• You must meet specific trading volume thresholds over the past 30 days.
• Alternatively, you can hold a certain amount of BNB in your account, which also influences your VIP level.

Each tier comes with its own set of maker and taker fees. For instance, a VIP 0 user may still pay close to the standard rate, but a VIP 5 or higher could enjoy significantly reduced fees, sometimes as low as 0.015% for makers and 0.045% for takers.

Using BNB to Pay Trading Fees

One of the most popular ways to reduce trading costs on Binance is by using BNB to cover transaction fees.

• If you choose BNB as your fee payment method, you receive an automatic discount.
• Initially, this discount was set at 50% but has since been adjusted over time.

Currently, paying with BNB provides a 25% discount on trading fees, making it a valuable option for active traders. To enable this feature:

• Go to your account settings.
• Navigate to the fee settings section.
• Toggle on the option to use BNB for fees.

It’s important to ensure you maintain sufficient BNB in your wallet to cover these costs when placing trades.

Different Markets and Their Fee Structures

Not all markets on Binance follow the same fee structure. For example:

• Spot trading follows the standard maker-taker model discussed earlier.
• Futures trading has its own separate fee schedule, often starting at 0.02% for makers and 0.04% for takers.
• Margin trading incurs interest charges in addition to regular trading fees.
• P2P trading does not charge a direct trading fee; instead, sellers may bear some cost depending on promotions or platform rules.

Users should always check the fee schedule page on Binance before engaging in a new market to avoid unexpected costs.

How to View Your Fee Structure

If you’re already a registered Binance user and want to see your current fee rates:

• Log into your account.
• Go to the Wallet section.
• Click on Fee History or Transaction History.
• Here, you’ll find detailed records of fees paid, including breakdowns by trade and market.

Additionally, under the User Center, there's a Fee Discount Management section where you can view your current VIP level, applicable rates, and whether BNB is enabled for fee payments.

Frequently Asked Questions

Q: Do Binance fees differ for mobile and desktop trading?

No, Binance maintains consistent fee structures across all platforms including web, iOS, and Android apps. Any differences in experience are interface-based, not related to transaction costs.

Q: Are there any hidden fees on Binance besides trading fees?

Binance clearly lists all possible fees such as deposit, withdrawal, margin interest, futures funding, etc. There are no hidden charges beyond what is published on their official fee schedule page.

Q: How often do Binance fee rates change?

While the general framework remains stable, Binance reserves the right to update fee schedules periodically. Users are notified via announcements or email if major changes occur.

Q: Can I switch back to paying fees in fiat after using BNB?

Yes, you can toggle between paying fees in BNB or fiat anytime through your Account Settings under Fee Preferences.