Understanding Binance's fee structure helps you save on trading costs. After registering on Binance, the default fee rate is 0.1%, but there are multiple ways to reduce it.
Base Rate
Binance spot trading charges a base fee of 0.1% for both buyers and sellers. This means buying 1,000 USDT worth of BTC costs 1 USDT in fees.
Fee Calculation Formula
Fee = Trade Amount x Rate
For example, buying 0.01 BTC at 65,000 USDT:
- Trade amount = 65,000 x 0.01 = 650 USDT
- Fee = 650 x 0.1% = 0.65 USDT
Ways to Save on Fees
- Use BNB for deduction: Enable BNB fee deduction for a 25% discount, bringing the effective rate to 0.075%
- Upgrade VIP level: Higher 30-day trading volume means higher VIP level and lower fees
- Register with a referral code: Registering through a referral code provides additional fee discounts
- Be a Maker, not a Taker: Limit orders (Maker) typically have lower rates than market orders (Taker)
Maker vs. Taker Explained
- Maker: You place a limit order that waits to be filled, providing liquidity to the market
- Taker: Your order immediately matches with an existing order, consuming liquidity
Maker fees are typically lower than Taker fees, and high VIP-level Makers can even trade with zero fees.
Futures Trading Fees
Futures trading has a different fee structure: Maker rate of 0.02% and Taker rate of 0.05%. BNB deduction discounts also apply.
Download the Binance APP and enable BNB fee deduction in account settings.