{"id":4394,"date":"2022-06-17T10:48:54","date_gmt":"2022-06-17T03:48:54","guid":{"rendered":"https:\/\/test.wikibinance.com\/?p=3626"},"modified":"2022-12-15T10:10:34","modified_gmt":"2022-12-15T03:10:34","slug":"binance-fees","status":"publish","type":"post","link":"https:\/\/wikibinance.com\/en\/basic-binance\/binance-fees.html","title":{"rendered":"What are Binance fees? How Binance Fees Work"},"content":{"rendered":"<p><a href=\"http:\/\/ecoinomic.io\/en\/knowledge\/guide\/binance-sign-up-simple-guide.html\" target=\"_blank\" rel=\"noopener\">Binance<\/a> is one of the world&#8217;s largest cryptocurrency exchanges attracting many traders with attractive programs and cheap trading fees.<\/p>\n<p>Why does <strong>Binance have the most competitive trading fees <\/strong>in the market, you can see the details <a href=\"https:\/\/wikibinance.com\/en\/basic-binance\/binance-trading-fees.html\">here<\/a>? Before learning about <strong>Binance fees<\/strong>, you should pay attention to the following:<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">You are entitled to priority privileges and a higher discount when upgrading VIP levels.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">You can reduce it by using BNB to pay for fees.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">&#8220;Taker<span style=\"font-weight: 400;\">&#8221; is an order placed at a market price, and &#8220;<\/span>Maker<span style=\"font-weight: 400;\">&#8221; is an order that is traded at a limited price (placing an order).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">VIP trading volume based on the ability to meet the standard of Spot trading volume or futures trading volume (including USDS-M futures and COIN-M futures contracts) over a period of 30 days.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Refer friends to receive a kickback of 20% of the transaction fees.<\/span><\/li>\n<\/ul>\n<h2>Binance fees<\/h2>\n<h3>Spot transaction fees on Binance<\/h3>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/wikibinance.com\/en\/basic-binance\/spot-trading.html\">Spot<\/a> transaction fees on Binance are defaulted to 0.1% of the value when the transaction has executed for both Maker and Taker.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, you can still lower the fees by upgrading the level to VIP. <\/span><span style=\"font-weight: 400;\">In addition, you can get a 25% discount on transaction fees when using BNB to pay for fees.<\/span><\/p>\n<p>&nbsp;<\/p>\n<figure style=\"width: 583px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" loading=\"lazy\" class=\" wp-image-3641\" src=\"https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/06\/Phi-giao-dich-Spot-tren-san-Binance.png\" alt=\"Spot transaction fees on Binance\" width=\"583\" height=\"474\" srcset=\"https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/06\/Phi-giao-dich-Spot-tren-san-Binance.png 1088w, https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/06\/Phi-giao-dich-Spot-tren-san-Binance-300x244.png 300w, https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/06\/Phi-giao-dich-Spot-tren-san-Binance-1024x833.png 1024w, https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/06\/Phi-giao-dich-Spot-tren-san-Binance-768x625.png 768w, https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/06\/Phi-giao-dich-Spot-tren-san-Binance-750x610.png 750w\" sizes=\"(max-width: 583px) 100vw, 583px\" \/><figcaption class=\"wp-caption-text\">Spot transaction fees on Binance<\/figcaption><\/figure>\n<h3>Deposit &#8211; withdrawal fees on Binance<\/h3>\n<p><span style=\"font-weight: 400;\">Deposit fees on this platform are free. <\/span><span style=\"font-weight: 400;\">However,<\/span><span style=\"font-weight: 400;\"> before confirming the transfer, you need to carefully select and check the network and address of the wallet received to avoid transferring to the wrong network or the wrong wallet address.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Binance is one of cryptocurrency exchanges which have the cheepest withdrawal fees. The withdrawal fees will depend on each coin\/token and the network you choose.\u00a0<\/span><\/p>\n<figure style=\"width: 585px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" loading=\"lazy\" class=\"wp-image-3639 \" src=\"https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/06\/ph-r-t-ti-n-tr-n-binance-1024x635.png\" alt=\"Withdrawal fees on Binance\" width=\"585\" height=\"363\" srcset=\"https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/06\/ph-r-t-ti-n-tr-n-binance-1024x635.png 1024w, https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/06\/ph-r-t-ti-n-tr-n-binance-300x186.png 300w, https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/06\/ph-r-t-ti-n-tr-n-binance-768x476.png 768w, https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/06\/ph-r-t-ti-n-tr-n-binance-750x465.png 750w, https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/06\/ph-r-t-ti-n-tr-n-binance.png 1076w\" sizes=\"(max-width: 585px) 100vw, 585px\" \/><figcaption class=\"wp-caption-text\">Withdrawal fees on Binance<\/figcaption><\/figure>\n<h3>P2P transaction fees on Binance<\/h3>\n<p><span style=\"font-weight: 400;\">Currently, Binance is <\/span>offering free<span style=\"font-weight: 400;\"> P2P transaction fees to Vietnamese users. You can see the <a href=\"https:\/\/wikibinance.com\/en\/knowledge\/binance-p2p.html\">Binance P2P trading guide here<\/a>.<\/span><\/p>\n<h3>Futures transaction fees on Binance<\/h3>\n<p><span style=\"font-weight: 400;\"><a href=\"http:\/\/ecoinomic.io\/en\/knowledge\/guide\/binance-futures-margin-guide.html\" target=\"_blank\" rel=\"noopener\">Futures<\/a> trading falls into two categories: USDS-M Futures Trading (USDS-M Futures Trading) and COIN-M Futures Trading (COIN-M Futures Trading)<\/span><\/p>\n<h4>USDS-M futures trading fees<\/h4>\n<p><span style=\"font-weight: 400;\">The default USDS-M futures trading fee is 0.02% for Marker and 0.04% for Taker.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, if you upgrade your account to a VIP level, the fee will be lowered depending on your current rank.<\/span> <span style=\"font-weight: 400;\">In addition, you can get a 10% discount on transaction fees when using BNB to pay for fees.<\/span><\/p>\n<figure style=\"width: 611px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" loading=\"lazy\" class=\" wp-image-3643\" src=\"https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/06\/Phi-giao-dich-hop-dong-tuong-lai-USDS-M-tren-san-Binance.png\" alt=\"USDS-M futures trading fee on Binance\" width=\"611\" height=\"446\" srcset=\"https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/06\/Phi-giao-dich-hop-dong-tuong-lai-USDS-M-tren-san-Binance.png 1087w, https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/06\/Phi-giao-dich-hop-dong-tuong-lai-USDS-M-tren-san-Binance-300x219.png 300w, https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/06\/Phi-giao-dich-hop-dong-tuong-lai-USDS-M-tren-san-Binance-1024x747.png 1024w, https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/06\/Phi-giao-dich-hop-dong-tuong-lai-USDS-M-tren-san-Binance-768x560.png 768w, https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/06\/Phi-giao-dich-hop-dong-tuong-lai-USDS-M-tren-san-Binance-750x547.png 750w\" sizes=\"(max-width: 611px) 100vw, 611px\" \/><figcaption class=\"wp-caption-text\">USDS-M futures trading fee on Binance<\/figcaption><\/figure>\n<h4>COIN-M futures trading fees<\/h4>\n<p><span style=\"font-weight: 400;\">Coin-M futures trading fees on Binance defaulted to 0.01% for Marker and 0.05% for Taker.<\/span> The higher the account rank (VIP level), the lower these fees will be reduced.<\/p>\n<p>Note:<span style=\"font-weight: 400;\"> When trading COIN-M futures contracts, you don&#8217;t get a discount when using BNB to pay for fees.<\/span><\/p>\n<figure style=\"width: 605px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" loading=\"lazy\" class=\" wp-image-3645\" src=\"https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/06\/Phi-giao-dich-hop-dong-tuong-lai-COIN-M.png\" alt=\"COIN-M futures trading fees\" width=\"605\" height=\"428\" srcset=\"https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/06\/Phi-giao-dich-hop-dong-tuong-lai-COIN-M.png 1087w, https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/06\/Phi-giao-dich-hop-dong-tuong-lai-COIN-M-300x212.png 300w, https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/06\/Phi-giao-dich-hop-dong-tuong-lai-COIN-M-1024x724.png 1024w, https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/06\/Phi-giao-dich-hop-dong-tuong-lai-COIN-M-768x543.png 768w, https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/06\/Phi-giao-dich-hop-dong-tuong-lai-COIN-M-120x86.png 120w, https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/06\/Phi-giao-dich-hop-dong-tuong-lai-COIN-M-750x531.png 750w\" sizes=\"(max-width: 605px) 100vw, 605px\" \/><figcaption class=\"wp-caption-text\">COIN-M futures trading fees<\/figcaption><\/figure>\n<h2>How to lower Binance transaction fees on Binance<\/h2>\n<h3>Sign up for an account using referral ID <strong>FY5L300H<\/strong> for a 20% discount on lifetime transaction fees<\/h3>\n<p>This is a gift exclusively for you when using <a href=\"https:\/\/wikibinance.com\/en\">WikiBinance.com<\/a><\/p>\n<p>Normally, when registering, if there is no referral ID, you will be charged 100% of the transaction fees. Some referral ID with low credibility will only offer you a 10% discount. However, if you register via<a href=\"https:\/\/wikibinance.com\/dang-ky-binance\"> https:\/\/wikibinance.com\/dang-ky-binance <\/a>link or enter the referral ID <strong>FY5L300H<\/strong>, you will get a 20% discount on lifetime transaction fees. Or you can access Binance&#8217;s home page registration link directly with a 20% lifetime discount referral ID.<\/p>\n<p style=\"text-align: center;\"><a class=\"register-action\" href=\"https:\/\/accounts.binance.com\/vi\/register?ref=FY5L300H\" rel=\"nofollow noopener\" target=\"_blank\">Sign up for a Binance account<\/a><\/p>\n<div class=\"mceTemp\"><\/div>\n<figure id=\"attachment_5147\" aria-describedby=\"caption-attachment-5147\" style=\"width: 310px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" loading=\"lazy\" class=\" wp-image-5147\" src=\"https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/06\/register-binance.png\" alt=\"register binance\" width=\"310\" height=\"505\" \/><figcaption id=\"caption-attachment-5147\" class=\"wp-caption-text\">Enter referral ID <strong>FY5300H<\/strong> to get 20% discount on lifetime trading fees<\/figcaption><\/figure>\n<p>What if you missed your account registration? While it&#8217;s a bit inconvenient, you can delete your current <a href=\"https:\/\/wikibinance.com\/en\/basic-binance\/how-to-delete-a-binance-account.html\">Binance account<\/a> to <a href=\"https:\/\/wikibinance.com\/en\/basic-binance\/binance-registration-guide-full-latest-update-2022.html\">re-register your Binance account.<\/a> The 20% commission kickback is really attractive.<\/p>\n<h3>Use BNB to pay for fees<\/h3>\n<p><span style=\"font-weight: 400;\">To reduce transaction fees on Binance when trading Spot and Future, you need to use BNB to pay for fees. Specifically, on Spot trading, you will get a 25% discount on <strong>trading fees,<\/strong> and on USDS-M Futures Trading, you will get a 10% discount.<\/span> To use BNB to pay for fees, follow these steps:<\/p>\n<p><em><strong>Step 1:<\/strong><\/em> Log in to your Binance account. Then click on the [<strong>Profile<\/strong>] icon on the home page.<\/p>\n<p><strong>Step 2:<\/strong> Select [<strong>Use BNB to get discount<\/strong>].<\/p>\n<p><em><strong>Step 3:<\/strong><\/em> Click the button as a picture next to [<strong>Use BNB to pay fees<\/strong>].<\/p>\n<figure style=\"width: 773px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" loading=\"lazy\" class=\" wp-image-3785\" src=\"https:\/\/wikibinance.com\/wp-content\/uploads\/2022\/06\/Cac-buoc-su-dung-BNB-lam-phi-giao-dich-min-1.png\" alt=\"Steps to use BNB as a transaction fee\" width=\"773\" height=\"446\" \/><figcaption class=\"wp-caption-text\">Steps to use BNB to pay for fees<\/figcaption><\/figure>\n<h3>Place a &#8220;Maker&#8221; instead of &#8220;Taker&#8221; order on Binance<\/h3>\n<p>When you place an order, there will be 2 cases:<\/p>\n<ul>\n<li>If you place a buy\/sell order at a certain price that is not the current price, it will create liquidity for the market, you will have to wait a while for someone else to match the order with you. This is called a Maker orders.<\/li>\n<li>You can also execute the order immediately at the market price, which matches the price that the Maker order created. This is a Taker order (Take liquidity out of the market)<\/li>\n<\/ul>\n<p>And if you already understand operating principles, you&#8217;ll easily notice that Maker orders always offer a lower trading fee than Taker orders.<\/p>\n<p>Therefore, the next time you trade on Binance, consider your order price. You can review the table above to find out the different fees between the two orders.<\/p>\n<h3>Upgrade to VIP level on Binance<\/h3>\n<p>The more you trade, the greater you get discount. Binance has a policy of reducing transaction fees based on trading volume for 30 days.<\/p>\n<ul>\n<li>At VIP level 0, the volume traded for 30 days is lower than 50 BTC with a fee of 0.1% when not using BNB. If you use BNB, the transaction fee drops to only 0.075%.<\/li>\n<li>At Vip level 1, you will trading with the volume of 50 BTC or more for 30 days and the BNB balance must be at least 50 BNB. If BNB isn&#8217;t used to pay for fees, the transaction fee for Makers is 0.09%, and Taker is still 0.1%. And when you use BNB coins to trade, the Maker&#8217;s fee is 0.0675%, and the Taker&#8217;s fee is 0.075%.<\/li>\n<li>The higher the level upgrade, the lower the transaction fee is. (VIP level 9 is the highest).<\/li>\n<\/ul>\n<blockquote><p><span style=\"font-weight: 400;\">\u00a0<\/span>&gt;&gt;&gt; Related: <a href=\"https:\/\/wikibinance.com\/en\/basic-binance\/binance-sign-up.html\">Complete <span style=\"font-weight: 400;\">Binance registration guide update 2022<\/span><\/a><\/p><\/blockquote>\n\n\n<div class=\"kk-star-ratings kksr-auto kksr-align-center kksr-valign-bottom\"\n    data-payload=\"{&quot;align&quot;:&quot;center&quot;,&quot;id&quot;:&quot;4394&quot;,&quot;slug&quot;:&quot;default&quot;,&quot;valign&quot;:&quot;bottom&quot;,&quot;ignore&quot;:&quot;&quot;,&quot;reference&quot;:&quot;auto&quot;,&quot;class&quot;:&quot;&quot;,&quot;count&quot;:&quot;0&quot;,&quot;readonly&quot;:&quot;&quot;,&quot;score&quot;:&quot;0&quot;,&quot;best&quot;:&quot;5&quot;,&quot;gap&quot;:&quot;5&quot;,&quot;greet&quot;:&quot;Rate this post&quot;,&quot;legend&quot;:&quot;0\\\/5 - (0 votes)&quot;,&quot;size&quot;:&quot;24&quot;,&quot;width&quot;:&quot;0&quot;,&quot;_legend&quot;:&quot;{score}\\\/{best} - ({count} {votes})&quot;,&quot;font_factor&quot;:&quot;1.25&quot;}\">\n    \n<div class=\"kksr-stars\">\n    \n<div class=\"kksr-stars-inactive\">\n            <div class=\"kksr-star\" data-star=\"1\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"2\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"3\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"4\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"5\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n    <\/div>\n    \n<div class=\"kksr-stars-active\" style=\"width: 0px;\">\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n    <\/div>\n<\/div>\n    \n\n<div class=\"kksr-legend\" style=\"font-size: 19.2px;\">\n            <span class=\"kksr-muted\">Rate this post<\/span>\n    <\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Binance is one of the world&#8217;s largest cryptocurrency exchanges attracting many traders with attractive programs and cheap trading fees. Why does Binance have the most competitive trading fees in the market, you can see the details here? Before learning about Binance fees, you should pay attention to the following: You are entitled to priority privileges [&hellip;]<\/p>\n","protected":false},"author":28,"featured_media":8607,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[390],"tags":[1457,2397,2411],"_links":{"self":[{"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/posts\/4394"}],"collection":[{"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/users\/28"}],"replies":[{"embeddable":true,"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/comments?post=4394"}],"version-history":[{"count":12,"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/posts\/4394\/revisions"}],"predecessor-version":[{"id":89378,"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/posts\/4394\/revisions\/89378"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/media\/8607"}],"wp:attachment":[{"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/media?parent=4394"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/categories?post=4394"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wikibinance.com\/en\/wp-json\/wp\/v2\/tags?post=4394"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}