1. Binance's standard fees
The standard fee structure described here is as follows:
- Spot: 0.1% for both makers and takers.
- Futures: 0.02% maker / 0.04% taker.
- Withdrawals: Vary by network, for example 0.0001 BTC for Bitcoin.
These are already among the industry's lower rates, but there are four ways to obtain further discounts.
2. Method 1: referral discount, up to 20%
Registering through a referral link provides a permanent trading-fee discount of up to 20%. It cannot be applied after registration, so use the referral link when creating a new account.
💰 Annual savings
At $10,000 of monthly trading, the referral discount alone can save approximately $240 annually. The effect grows with trading volume.
3. Method 2: pay fees in BNB for an additional 25% discount
Paying fees with Binance's token, BNB, applies an additional 25% discount. To configure it:
- Buy a small amount of BNB for fee payments.
- Open Settings and enable Pay Fees with BNB.
- Fees are automatically deducted from BNB when you trade.
4. Method 3: volume-based VIP tiers
When 30-day trading volume exceeds a threshold, the VIP tier increases and fees decline further. Rates decrease from VIP 1, described here as more than 1 million BUSD of monthly volume, through VIP 9. Most individuals are around VIP 0–1, making referral and BNB discounts more realistic options.
5. Method 4: use limit orders for maker fees
Maker fees on resting limit orders are lower than taker fees on market orders. The difference is particularly large in futures:
- Futures maker 0.02% versus taker 0.04%: a twofold difference.
- If execution is not urgent, use a limit order.
6. Combining discounts
Applying the discounts together gives:
📊 Maximum spot discount
Base 0.1% × referral factor 80% × BNB factor 75% = 0.06%, an effective 40% reduction.
📊 Futures maker discount
Base 0.02% × referral factor 80% = 0.016%.
7. How fees affect returns
A small fee difference becomes substantial over time. For the example of a trader making 10 trades per day:
- Without discounts: approximately $7,300 in annual fees.
- With referral and BNB discounts: approximately $4,380.
- Annual savings of $2,920 can materially change the result.
🎁 Register for a 20% Fee Discount
If you already use Binance, the original offer described here applies the discount through a new registration.
Register for the Binance Discount →