One of the top concerns when trading on Binance is fees. Every buy and sell incurs a fee, and over time they add up. Understanding how fees work helps you control costs. If you don't have an account yet, sign up for Binance — registration is free.
Spot Trading Fees
Base Rate
Binance's default spot trading fee is 0.1%, charged on both buying and selling.
Example: Buying $10,000 worth of BTC costs $10 in fees. Selling incurs another 0.1%.
BNB Deduction
With "Use BNB to Pay Fees" enabled, spot fees drop 25%:
- Standard: 0.1%
- With BNB: 0.075%
Same $10,000 trade: fees drop from $10 to $7.50.
How to enable: App → Profile → Fees → Enable "Use BNB to Pay Fees." Requires BNB in your account.
VIP Tier Rates
Higher VIP tiers (based on 30-day volume and BNB holdings) mean lower fees:
| VIP Level | 30-Day Volume | Maker | Taker |
|---|---|---|---|
| Standard | < $1M | 0.1% | 0.1% |
| VIP 1 | >= $1M | 0.09% | 0.1% |
| VIP 2 | >= $5M | 0.08% | 0.1% |
| VIP 3 | >= $20M | 0.07% | 0.08% |
Most regular users stay at the base tier — focus on BNB deduction instead.
Futures Trading Fees
Base Rate
Futures fees split into Maker (limit orders) and Taker (market orders):
- Maker: 0.02% — placing a limit order that waits to fill
- Taker: 0.05% — executing a market order immediately
Calculation Method
Important: Futures fees are based on position value, not margin.
Example: $100 margin with 10x leverage going long BTC:
- Position value = $100 x 10 = $1,000
- Market order open fee = $1,000 x 0.05% = $0.50
- Market order close fee = $1,000 x 0.05% = $0.50
- Round-trip total = $1.00
With limit orders:
- Open fee = $1,000 x 0.02% = $0.20
- Close fee = $1,000 x 0.02% = $0.20
- Round-trip total = $0.40
Limit orders save 60% compared to market orders.
BNB Deduction for Futures
Futures also support BNB deduction at ~10% off:
- Maker: 0.02% → 0.018%
- Taker: 0.05% → 0.045%
Other Fees
C2C Trading Fees
Free for regular users. But note the bid-ask spread in C2C prices — that's an implicit cost.
Withdrawal Fees
Withdrawing from Binance to external wallets incurs a fee (essentially the blockchain network fee):
| Coin | Network | Withdrawal Fee |
|---|---|---|
| USDT | TRC20 | 1 USDT |
| USDT | ERC20 | ~3–10 USDT |
| BTC | Bitcoin | ~0.0001–0.0005 BTC |
| ETH | Ethereum | ~0.001–0.005 ETH |
Tip: Withdraw USDT via TRC20 for the lowest fee — just 1 USDT.
Futures Funding Rate
Not technically a fee, but a hidden holding cost. Charged every 8 hours, rates fluctuate (typically -0.01% to 0.03%). Long positions usually pay; short positions may receive.
How to Check Your Fee Spending
Method 1: Trade History
App → Orders → Spot/Futures Orders → each order's details include fee records.
Method 2: Export Reports
Web → Orders → Trade History → Export for a complete CSV with fee data.
Fee-Saving Summary
- Use BNB deduction: Simplest savings method — recommended for everyone
- Prefer limit orders: Especially for futures — limit fees are 40% of market fees
- Register with a referral code: Referral accounts get fee cashback
- Advance VIP tiers: High-volume traders naturally level up
- Choose the right withdrawal network: TRC20 is much cheaper than ERC20
Fees seem small per trade but compound significantly. $100K monthly spot volume generates $100 in fees. BNB deduction cuts it to $75 — saving $300 annually. Higher volumes mean even bigger savings.