What are the trading fees on Binance? How can I reduce them?

Fee Structure Overview

1. Binance applies a tiered fee model based on 30-day trading volume and BNB balance. Users with higher volumes or larger BNB holdings qualify for lower maker and taker fees.

2. Standard spot trading fees start at 0.1% for takers and 0.1% for makers for users without BNB discounts or VIP status.

3. Futures trading fees vary by contract type and leverage level, typically ranging from 0.02% to 0.04% for takers and 0.01% to 0.02% for makers.

4. Margin trading fees include borrowing interest rates calculated hourly, alongside standard execution fees identical to spot tiers.

5. Withdrawal fees depend on the cryptocurrency and network selected; they are not percentage-based but fixed per transaction.

BNB Discount Mechanism

1. Holding BNB in your Binance account automatically reduces spot, margin, and futures trading fees by up to 25% when paying fees in BNB.

2. The discount applies only if the “Use BNB to Pay for Fees” option is enabled in account settings.

3. BNB used for fee discounts is deducted from your available BNB balance before each trade execution.

4. Fee reductions are applied in real time and reflected instantly in the order confirmation interface.

5. BNB price volatility does not affect the discount percentage—only the quantity of BNB held determines eligibility.

VIP Level Eligibility

1. VIP levels range from 0 to 9 and are determined solely by 30-day cumulative trading volume denominated in BTC or BUSD.

2. Higher VIP tiers require progressively larger volumes—VIP 1 starts at 50 BTC, while VIP 9 demands over 20,000 BTC traded within the window.

3. Each VIP level grants progressively lower maker/taker fees across all trading products including options and launchpool derivatives.

4. VIP status updates hourly and recalculates based on rolling 30-day volume—not calendar month or fixed intervals.

5. Institutional clients may apply for custom fee schedules separate from public VIP tiers through Binance Institutional Services.

Referral and Loyalty Programs

1. Referring new users generates commission rebates of up to 40% of their trading fees, credited directly to your account in real time.

2. Binance Launchpool staking rewards can be converted into fee vouchers usable across spot, margin, and futures markets.

3. Active participation in Binance NFT marketplace transactions unlocks temporary fee waivers for select asset pairs.

4. Binance Card holders receive monthly fee credits proportional to card spending, redeemable against platform fees.

5. No-fee deposit promotions occur periodically for specific fiat gateways, though withdrawal and trading fees remain unaffected.

Frequently Asked Questions

Q: Do I need to manually activate BNB fee discounts?A: Yes. You must toggle “Use BNB to Pay for Fees” in Settings → API & Security → Trading Fee Settings.

Q: Can I use BNB discounts on P2P trades?A: No. BNB fee discounts apply exclusively to orders executed on Binance’s order book—not peer-to-peer or OTC desk transactions.

Q: Are futures fee tiers separate from spot tiers?A: Yes. Futures VIP levels are calculated independently using 30-day futures-only volume, and do not share thresholds with spot trading.

Q: What happens if my BNB balance falls below the required amount during a trade?A: The system uses available BNB first. If insufficient, remaining fees are charged in the base currency of the trading pair, without discount.