Trading inevitably involves fees, and understanding how Binance's fees work helps you manage your trading costs effectively. Many people only realize after trading for a while that accumulated fees are no small sum, so it pays to understand the fee structure upfront. You can check the latest fee schedule on Binance Official, and the Binance Official APP also makes it easy to see fee details for each trade. Apple users can refer to the iOS Installation Guide for app installation.
Binance's Base Spot Trading Fee Rates
Binance's spot trading fees are based on two roles:
- Maker: You place a limit order that sits in the order book waiting to be filled — you're providing liquidity to the market. Fee rate: 0.1%
- Taker: You place a market order or a limit order that immediately fills against existing orders — you're consuming market liquidity. Fee rate: 0.1%
For regular users, whether buying or selling, and whether using limit or market orders, the base fee rate is 0.1%.
How Fees Are Calculated
The formula is simple: Fee = Trade Amount x Fee Rate
Example: You spend 1,000 USDT on a market buy of BTC. Fee = 1,000 x 0.1% = 1 USDT. In effect, 999 USDT goes toward buying BTC, and 1 USDT is deducted as a fee.
Selling works the same way: selling BTC for 1,000 USDT means a fee of 1 USDT, and you actually receive 999 USDT.
Note that when buying, the fee is deducted from the token you receive. For example, if you buy 0.01 BTC, the fee deducts 0.00001 BTC, and you actually receive 0.00999 BTC.
How to Reduce Your Fees
Method 1: Use BNB to Pay Fees
This is the simplest and most effective way to save money. Enable "Use BNB to pay fees" in your account settings, and fees will be automatically deducted from your BNB balance with a 25% discount:
- The 0.1% rate drops to 0.075%
- Every single trade saves you a quarter of the fee
- Requires keeping enough BNB in your account
Suppose your monthly trading volume is 100,000 USDT. Normal fees would be 100 USDT; with BNB deduction, it's just 75 USDT — saving 25 USDT. The higher your volume, the more you save.
Method 2: Level Up Your VIP Tier
Binance assigns VIP tiers based on your 30-day trading volume and BNB holdings. Higher tiers mean lower fees:
| VIP Tier | 30-Day Volume Requirement | Maker Rate | Taker Rate |
|---|---|---|---|
| Regular | None | 0.1% | 0.1% |
| VIP 1 | >= 1M USDT | 0.09% | 0.1% |
| VIP 2 | >= 5M USDT | 0.08% | 0.1% |
| VIP 3 | >= 20M USDT | 0.07% | 0.08% |
For most retail traders, BNB deduction is the main way to reduce fees — VIP tier thresholds are quite high.
Method 3: Referral Commission Rebates
If you registered with a referral link and entered a referral code, a portion of your trading fees gets rebated. Different referral codes offer different rebate rates, up to a maximum of 20%.
Where to View Your Fees
You can check fees for each trade through:
- Trade history: Go to "Orders" > "Order History" > "Spot Orders" — each transaction shows the fee deducted
- Fee records: Under "Wallet" > "Transaction History," filter by "Fee" type to see all fee details
- Fee schedule page: Binance Official has a dedicated fee schedule page where you can view your current applicable rates
FAQ
Q: Are there fees for deposits and withdrawals too?
A: Depositing cryptocurrency to Binance is free (though you'll need to pay the sending blockchain's network fee yourself). Withdrawing cryptocurrency incurs a withdrawal fee charged by Binance — the specific amount depends on the token and the network you choose, and varies for each token.
Q: Can I pay fees with other tokens?
A: By default, fees are deducted from the token being traded. You can enable BNB deduction to pay all fees from your BNB balance. Other than that, no other tokens are supported for fee payment.
Q: Are Binance's fees expensive compared to other exchanges?
A: Binance's base rate of 0.1% is in line with the industry average, and the 0.075% with BNB discount is quite competitive. While some smaller exchanges advertise even lower rates, their order book depth and security are far behind Binance. All things considered, Binance offers excellent value for the money.