Trading fees are a significant component of trading costs, and understanding Binance's fee structure can help you optimize strategies and reduce expenses. As the world's largest exchange, Binance offers some of the most competitive rates in the industry. Register through our referral link for fee discounts, and download the Binance APP to view detailed fee information anytime.
Spot Trading Fees
Binance spot trading uses a Maker-Taker fee model. Makers place limit orders that wait to be filled, providing liquidity to the market; Takers place market orders or immediately fill existing orders, consuming market liquidity. Maker fees are typically lower than Taker fees.
The default spot trading rate for regular users is 0.1% for both Maker and Taker. This means each trade incurs a fee of 0.1% of the transaction amount. If you trade 1,000 USDT worth of Bitcoin, the fee is 1 USDT.
Using BNB to pay trading fees gives you an additional discount, typically a 25% reduction. This means the actual rate drops to 0.075%. Simply hold some BNB in your account and enable the BNB fee deduction feature to automatically enjoy the discount.
Futures Trading Fees
Futures trading has a similar fee structure but different rates. USDT-margined futures base rates are Maker 0.02% and Taker 0.05%. Coin-margined futures rates are Maker 0.01% and Taker 0.05%. Futures fees are generally lower than spot.
Note that futures trading also involves funding rates. Funding rates are periodic payments between longs and shorts to keep the futures price aligned with the spot price. Funding rates settle every 8 hours — when positive, longs pay shorts; when negative, shorts pay longs.
Funding rate expenses during holding are also part of trading costs. Long-term position holders need to pay special attention to funding rate changes. During certain extreme market conditions, funding rates can become very high.
VIP Levels and Fee Discounts
Binance sets VIP levels based on users' 30-day trading volume and BNB holdings — the higher the level, the lower the fees. VIP levels range from VIP 0 to VIP 9, with the highest level offering spot Maker fees as low as 0.01%.
Beyond trading volume, participating in Binance's referral program can earn fee rebates. A percentage of the trading fees generated by users who register through your referral link is returned to you. This represents a nice additional income source for users with social influence.
Additionally, Binance periodically runs fee discount promotions, such as zero-fee trading on specific pairs and fee waivers for new users. Following Binance's official announcements and social media channels helps you stay informed about these offers.
Deposit and Withdrawal Fees
Depositing cryptocurrency to Binance is completely free, but withdrawals incur network fees. Withdrawal fees vary significantly across different coins and blockchain networks. For example, Bitcoin withdrawal fees are relatively high, while withdrawing USDT via the TRC-20 network costs just 1 USDT.
Fiat deposit fees depend on the payment method. C2C trading charges no fees to either buyer or seller, though the actual price already includes the merchant's margin. Purchasing cryptocurrency with a credit card may incur 2% to 3.5% fees, depending on the payment channel.
To reduce deposit and withdrawal costs, choose lower-fee networks for transfers. For USDT withdrawals, select the TRC-20 network; for ETH-related tokens, consider BNB Chain or Polygon and other low-fee networks. For large transfers, the Binance internal transfer feature allows completely free transfers.