Every trade on Binance incurs a fee, but many users don't fully understand how fees are calculated or what methods are available to reduce them. Understanding the fee structure can save you significant money over time. You can view the detailed fee schedule on Binance Official or the Binance Official APP. iPhone users who haven't installed the app can check the iOS Installation Guide. Let's break down how each type of Binance fee is calculated.
Spot Trading Fees
Binance spot trading fees use a Maker/Taker model. A Maker is someone who places a limit order that sits on the order book waiting to be filled. A Taker is someone who places a market order or a limit order that immediately matches an existing order.
For regular users, Binance's base spot trading fee is 0.1%, regardless of whether you're a Maker or Taker. This means if you buy $1,000 worth of Bitcoin, the fee is $1. Selling also charges 0.1%. A round trip (buy and sell) costs 0.2% in total fees.
Binance has a VIP tier system based on your 30-day trading volume and BNB holdings. Higher tiers mean lower fees. Regular users start at VIP 0; if your monthly trading volume exceeds $1 million, you can reach VIP 1 with reduced rates. For most retail traders, VIP 0 rates are already among the lowest in the industry.
If you use BNB to pay trading fees, you get an additional 25% discount. This brings the 0.1% rate down to 0.075%. This discount is very worthwhile, so we recommend keeping some BNB in your account. Enabling it is simple: in the app's personal center, find the fee-related settings and toggle on "Use BNB to Pay Fees."
Futures Trading Fees
Futures fee structure is similar to spot with Maker/Taker rates, but the rates differ. USDT-Margined futures base rates are 0.02% for Makers and 0.05% for Takers. Coin-Margined futures base rates are 0.01% for Makers and 0.05% for Takers.
Crucially, futures fees are calculated based on your position value, not your margin amount. For example, if you put up $100 in margin with 10x leverage to open a $1,000 position, fees are calculated on the $1,000. At a 0.05% Taker rate, the opening fee is $0.50. Closing costs another round of fees, so a complete round trip costs $1.
Beyond trading fees, futures also have a funding rate that settles every 8 hours. The rate fluctuates based on the balance between long and short positions. When longs dominate, long holders pay short holders, and vice versa. While the funding rate is typically small, it can add up to a meaningful expense if you hold positions long-term.
Deposit and Withdrawal Fees
Depositing cryptocurrency on Binance is completely free, but withdrawals require a network fee. This fee isn't Binance's profit — it covers blockchain miner fees or gas costs.
Withdrawal fees vary significantly by coin and network. For USDT, ERC20 network withdrawals typically cost several to over ten dollars depending on Ethereum gas prices at the time. TRC20 network withdrawals cost around $1. BEP20 network withdrawals are even cheaper at roughly a fraction of a dollar.
The withdrawal fee is clearly displayed when you submit a withdrawal request — you can see the exact amount before confirming. If the fee seems unusually high, the network may be congested. You can either switch to a lower-fee network or wait until congestion eases.
Binance also has an internal transfer feature. If the recipient is also a Binance user, you can transfer directly via Binance ID, phone number, or email — completely free and instant.
Practical Tips to Reduce Fees
Using BNB for fee payment is the simplest and most effective way to lower costs. Keep some BNB in your account and enable BNB deduction — both spot and futures trading fees get discounted.
Use limit orders instead of market orders whenever possible. Limit orders that rest on the book are Maker orders, which have lower fees than Taker orders. In futures, this difference is especially significant — 0.02% for Makers versus 0.05% for Takers, more than double.
If you haven't registered on Binance yet, entering a referral code during registration can earn you a trading fee rebate. Different referral codes offer different rebate percentages, up to 20%.
When withdrawing, prioritize low-fee networks. For USDT, choose TRC20 or BEP20 — they're over 10 times cheaper than ERC20. If the recipient is also on Binance, use the internal transfer feature for zero fees.
Watch for Binance promotions — they frequently run zero-fee trading events, especially for Bitcoin and popular trading pairs. Trading during these events means completely free transactions.
Q: Are Binance fees high or low compared to the industry?
A: Binance fees are among the lowest of major exchanges. The 0.1% base rate, reduced to 0.075% with BNB discount, is very competitive. Many smaller exchanges charge 0.15% to 0.2%.
Q: Is BNB fee deduction automatic?
A: No, you need to manually enable it. Go to the account settings in the app's personal center or on the website and toggle on "Use BNB to Pay Fees." Once enabled, the system will automatically prioritize using your BNB balance for fee payment.
Q: Can I view fees in my transaction history?
A: Yes. In the Binance app's transaction history, each trade lists the exact fee amount charged. You can also export a CSV file from the web version's trade history page for easy tracking of total fees over any period.