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  • Fear & Greed Index:
  • Market Cap: $2.9897T 1.490%
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how much binance trading fees

For spot trading, makers (who add liquidity to the market) with VIP Level 1 status pay a reduced fee of 0.09% compared to takers, who pay a flat rate of 0.10%.

Oct 28, 2024 at 08:32 pm

Binance Trading Fees: A Comprehensive Guide

Binance, the world's leading cryptocurrency exchange, offers a wide range of trading options with varying fee structures. Understanding these fees is crucial for effective trading decisions.

1. Spot Trading Fees

Maker Fees:

  • 0.10% for VIP Level 0 (Tier 1)
  • 0.09% for VIP Level 1 (Tier 2)
  • 0.08% for VIP Level 2 (Tier 3)
  • 0.075% for VIP Levels 3-5 (Tier 4-6)

Taker Fees:

  • 0.10% for all VIP levels

2. Margin Trading Fees

Maker Fees:

  • 0.02% for tokens with a borrow rate of less than 50%
  • 0.04% for tokens with a borrow rate of 50% or more

Taker Fees:

  • 0.04% for all tokens

Spread Fees:

  • Varies based on market conditions

3. Futures Trading Fees

Maker Fees:

  • -0.02% for market makers (up to 30% discount)
  • 0.02% for all other traders

Taker Fees:

  • 0.04% for all traders

4. Options Trading Fees

Option Premium:

  • The price paid by the option buyer is the premium, which includes the option fee.

Option Fee:

  • 0.03%-0.06% of the underlying asset value, depending on the option type and expiration date.

5. P2P Trading Fees

Maker Fees:

  • 0% for posting Buy/Sell ads
  • 0.01% for completing P2P trades

Taker Fees:

  • 0.06% for completing P2P trades

6. Cryptocurrency Withdrawal Fees

Binance charges a withdrawal fee for each cryptocurrency. The fee varies depending on the token and withdrawal method. A complete list of withdrawal fees is available on Binance's website.

Factors Affecting Trading Fees

  • VIP Level: VIP traders with higher trading volumes qualify for lower maker and taker fees.
  • Token Volatility: Trading fees may vary slightly during periods of high market volatility.
  • Liquidity: Trading fees are lower for tokens with higher liquidity.

Conclusion

Binance's trading fees are generally competitive within the cryptocurrency industry. By understanding the different fee structures, traders can optimize their trading strategies to minimize costs and maximize profits. It's recommended to refer to Binance's website for the most up-to-date fee information.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

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