Cryptocurrency trading fees can significantly impact your long-term profits. Among the world’s top exchanges—Binance, OKX, and Bybit—Binance stands out for competitive pricing, especially when users apply smart cost-saving strategies. This guide breaks down Binance's fee structure across spot, futures, options, and withdrawal operations, then reveals three actionable methods to reduce your fees by at least 40%.
Do You Pay Fees on Binance? A Complete Overview of Binance Trading Fees
Yes, Binance charges fees for most trading activities, but they vary based on your role in the trade: Maker or Taker.
- Maker (Limit Orders): When you place a limit order that adds liquidity to the market by not executing immediately.
- Taker (Market Orders): When you use a market order that removes liquidity by matching existing orders instantly.
Because Makers enhance market depth and stability, their fees are typically lower than Takers'. Here's a summary of standard Binance trading fees:
Binance Standard Trading Fee Rates
Spot Trading:
- Maker: 0.10%
- Taker: 0.10%
Futures (Perpetual & Delivery) Contracts:
- Maker: 0.02%
- Taker: 0.05%
Options Trading:
- Maker & Taker: 0.03%
👉 Discover how low fees can go with the right strategy—click to learn more.
How Are Binance Fees Calculated?
The formula is simple:
Transaction Fee = Trade Amount × Applicable Fee Rate
For example, selling 1 BTC at $60,000 via a limit order:
- Fee: 1 BTC × 0.1% = 0.001 BTC
- Net proceeds: $59,940
Note: Futures positions incur fees twice—once when opening and again when closing the position.
Are Binance Fees Expensive? Comparison With Top Exchanges
Compared to OKX and Bybit, Binance’s base fees are highly competitive:
| Trade Type | Binance (Taker) | OKX (Taker) | Bybit (Taker) |
|---|---|---|---|
| Spot Maker | 0.1% | 0.08% | 0.1% |
| Spot Taker | 0.1% | 0.1% | 0.1% |
| Futures Maker | 0.02% | 0.02% | 0.02% |
| Futures Taker | 0.05% | 0.05% | 0.055% |
While OKX offers slightly lower spot maker fees, Binance remains one of the most cost-efficient platforms—especially when combining discounts.
Binance Futures Trading Fees
Binance futures fees apply to both USDT-margined and coin-margined contracts:
- Maker: 0.02%
- Taker: 0.05%
These rates apply per side (entry and exit), so total round-trip fees are double unless reduced through VIP status or BNB payment.
Users can qualify for lower fees by joining the Binance VIP program, which requires meeting certain trading volume and BNB holdings thresholds.
Binance Options Trading Fees
Options trading involves two types of fees:
- Trading Fee: Charged when buying/selling options contracts — 0.03%
- Exercise Fee: Applied when exercising an option — 0.02%
Both fees cap at 10% of the option’s value, protecting users from disproportionate costs during extreme volatility.
Binance Withdrawal Fees: Moving USDT, BTC, and ETH
Withdrawal fees depend on the blockchain network used.
USDT Withdrawal Fees
| Network | Fee | Processing Time |
|---|---|---|
| TRON (TRC20) | 1 USDT | ~2 minutes |
| BSC (BEP20) | 0.33 USDT | ~3 minutes |
| Ethereum (ERC20) | ~6 USDT | ~4 minutes |
| Solana | 1 USDT | ~2 minutes |
Tip: TRC20 and BEP20 offer the best balance of low cost and speed.
BTC & ETH Withdrawal Fees
Bitcoin and Ethereum withdrawals are generally cheaper than USDT on Ethereum due to optimized fee structures:
- BTC: Average fee ranges from $1–$5 depending on network congestion.
- ETH: Typically between $2–$10, varying with gas prices.
Always check current network conditions before initiating large transfers.
How to Reduce Binance Fees: 3 Effective Strategies
You don’t have to pay full price. Use these three proven methods to slash your Binance fees by over 40%.
Strategy 1: Use a Referral Code for Up to 20% Off
New users can get 20% off trading fees by signing up with a valid referral code. This discount applies across spot, futures, and options markets.
When combined with other methods below, savings multiply dramatically.
Example:
Standard taker fee: 0.1% → With referral: 0.08%
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Strategy 2: Pay Fees With BNB for 25% Discount
Using Binance Coin (BNB) to pay fees grants an automatic 25% discount.
To enable:
- Go to your profile
- Click “BNB Discount”
- Toggle on “Use BNB to pay for fees”
Once activated, all applicable fees will be deducted in BNB at a discounted rate.
Combined with referral discount:
Base fee (0.1%) → -20% → -25% more = up to 40% total reduction
This brings spot trading fees down to just 0.06%, among the lowest in the industry.
Strategy 3: Join the Binance VIP Program
High-volume traders can access even deeper discounts via the VIP tier system.
VIP Qualification Paths
You can qualify through any of these four tracks:
- Trader Plan: Hold 25+ BNB + meet minimum monthly trade volume
- Holder Plan: Hold 25+ BNB + maintain $500K+ average wallet balance
- Borrower Plan: Hold 25+ BNB + borrow $100K+ net
- Saver Plan: Hold 25+ BNB + invest $300K+ in products monthly
VIP Fee Schedule (Spot Trading)
| VIP Level | Maker Fee | Taker Fee |
|---|---|---|
| VIP 1 | 0.090% | 0.100% |
| VIP 3 | 0.042% | 0.060% |
| VIP 6 | 0.030% | 0.042% |
| VIP 9 | 0.012% | 0.024% |
Top-tier users enjoy maker fees as low as 0.012%, nearly a 90% reduction from standard rates.
How to Use Binance Fee Vouchers
Binance occasionally distributes fee discount vouchers through promotions or events.
These vouchers apply to:
- Spot trading
- Margin trading
- Futures
- NFT marketplace
To claim:
- Visit the Rewards Center
- Redeem available vouchers
- Use within the validity period
Discounts are applied daily and settled in USDT, USDC, or BNB to your spot wallet the next day.
⚠️ Vouchers expire—use them before they do!
How to Check Your Binance Fees
Binance doesn’t offer a direct "total fees paid" dashboard, but you can manually review transaction history:
Steps (via App):
- Open the app
- Tap your profile → Wallet → Spot
- Tap “History” next to asset balance
- Filter by “Transaction Fees” to see all deductions
Repeat this process for futures or other account types to get a full picture.
Is There a Fee for Transferring Between Binance Accounts?
No. Internal transfers between Binance users (e.g., sending funds to a friend’s Binance account) are completely free.
This applies to all supported cryptocurrencies and uses Binance’s internal settlement system for instant processing.
Is Binance Safe?
Yes, Binance is one of the safest and most regulated crypto exchanges globally.
Key security features include:
- SAFU Fund (Secure Asset Fund for Users): A $1 billion+ emergency insurance pool created in 2018.
- Proof of Reserves: Monthly audits verifying full user asset backing.
- Regulatory Compliance: Licensed in multiple jurisdictions including France, Italy, and Dubai.
- Two-Factor Authentication (2FA), Anti-Phishing Codes, and advanced monitoring systems.
With over 170 million users and daily trading volumes exceeding $38 billion, Binance maintains a strong reputation for reliability and innovation.
About Binance Exchange
Founded in 2017, Binance is the world’s largest cryptocurrency exchange by trading volume. It supports more than 350 digital assets and thousands of trading pairs across spot, futures, options, staking, lending, and NFT markets.
Its ecosystem includes:
- Binance Chain / BNB Smart Chain
- Decentralized Exchange (DEX)
- Launchpad for new token offerings
- Educational resources via Binance Academy
Frequently Asked Questions (FAQ)
Q: Can I avoid paying any fees on Binance?
A: No platform offers completely free trading, but you can reduce fees significantly using referral codes, BNB payments, and VIP tiers—saving over 40%.
Q: Does using BNB to pay fees affect my tax liability?
A: Yes—disposing of BNB for fee discounts may count as a taxable event in some countries. Consult a tax professional for guidance.
Q: Are withdrawal fees fixed or variable?
A: They vary by blockchain congestion. For example, Ethereum ERC20 fees rise during peak usage.
Q: How often are VIP levels recalculated?
A: Monthly. Your status updates based on the past 30 days of activity and holdings.
Q: Can I combine all three fee-saving methods?
A: Yes! You can stack referral discounts + BNB payment + VIP status for maximum savings.
Q: Where can I find my referral code after registration?
A: After signing up, go to “Affiliate” in your account settings to view and share your personal link.
👉 Maximize your savings now—explore powerful ways to cut trading costs today.