Binance is the world's largest cryptocurrency exchange by trading volume, serving over 150 million users globally. Founded in 2017 by Changpeng Zhao (CZ), Binance offers a comprehensive suite of trading services including spot, futures, margin, and options trading.
Calculate Your Binance Trading Fees
Calculate Binance Trading Fees
< 1M USD volume
Average market conditions
View all Binance VIP fee tiers (10 levels)
Binance Key Features
- Lowest fees with BNB discount (25% off)
- Up to 125x leverage on futures
- Over 350+ trading pairs
- Advanced order types and charting tools
- Earn program with staking rewards
Understanding Binance Fee Structure
Binance uses a tiered fee structure based on your 30-day trading volume and BNB holdings. Standard spot trading fees start at 0.1% for both maker and taker orders. Using BNB to pay fees gives you a 25% discount, reducing fees to 0.075%. VIP levels can reduce fees further, with VIP 9 traders paying as low as 0.02% maker and 0.04% taker.
Binance Trading Specifications
125x
8 hours
Free
Varies by coin
Tips to Reduce Your Binance Trading Fees
- 1.Hold BNB and enable BNB fee payment for 25% discount
- 2.Increase trading volume to reach VIP tiers
- 3.Use limit orders to pay maker fees instead of taker
- 4.Consider futures trading for lower base fees
Exchanges with Lower Fees Than Binance
Lower Futures Trading Fees:
Binance Review - Fee Analysis
Binance remains the gold standard for cryptocurrency trading with unmatched liquidity and competitive fees. While the interface has a learning curve, the fee savings and trading options make it worth the effort for serious traders.
Fee Verdict
Binance offers excellent value with 0.1% base fees that can drop to 0.075% with BNB payment, and even lower with VIP status. For high-volume traders, it's hard to beat.
Pros
- Lowest fees with BNB discount (25% off)
- Deepest liquidity in the market - minimal slippage
- Comprehensive VIP program with significant fee reductions
- 350+ trading pairs available
- Advanced order types and trading tools
Cons
- Complex interface can overwhelm beginners
- Not available in some US states
- Customer support can be slow during peak times
- KYC required for most features
Best For
Binance Fees FAQ
What are Binance spot trading fees?
Binance charges 0.1% for maker orders and 0.1% for taker orders on spot trading. Maker orders add liquidity to the order book, while taker orders remove liquidity.
What are Binance futures trading fees?
Binance charges 0.02% for maker orders and 0.05% for taker orders on futures/perpetual contracts.
How can I reduce my Binance trading fees?
You can reduce fees by using limit orders (maker fees are usually lower), increasing your trading volume to reach VIP tiers, holding the exchange's native token for discounts, or using referral codes for bonus discounts.
Does Binance charge deposit or withdrawal fees?
Binance typically offers free deposits. Withdrawal fees vary by cryptocurrency and network. Check the current withdrawal fee for your specific coin before withdrawing.