How Binance Fees Work

Binance Fee Structure Overview

Fees are an important cost every trader needs to pay attention to. As the world's largest cryptocurrency exchange, Binance maintains relatively low fees compared to the industry. Understanding Binance's fee structure helps you optimize your trading strategy and reduce costs. This article provides a complete breakdown of all Binance fees.

Spot Trading Fees

Base Rates

Binance spot trading uses a Maker-Taker fee model:

VIP Level	Maker Fee	Taker Fee	30-Day Volume (USDT)
Regular	0.1000%	0.1000%	< 1M
VIP 1	0.0900%	0.1000%	≥ 1M
VIP 2	0.0800%	0.1000%	≥ 5M
VIP 3	0.0420%	0.0600%	≥ 20M
VIP 4	0.0420%	0.0540%	≥ 100M
VIP 5	0.0360%	0.0480%	≥ 250M
VIP 6	0.0300%	0.0420%	≥ 500M
VIP 7	0.0240%	0.0360%	≥ 1B
VIP 8	0.0180%	0.0300%	≥ 2.5B
VIP 9	0.0120%	0.0240%	≥ 5B

What Are Maker and Taker

Maker: You place a limit order that sits on the order book waiting to be filled. You "create" liquidity for the market.
Taker: Your order is filled immediately against existing orders on the book. You "consume" liquidity from the market.

Simply put, a limit order that doesn't fill immediately is a Maker order. A market order or an immediately-filled limit order is a Taker order.

Calculation Example

Suppose you're a regular user buying $10,000 USDT worth of Bitcoin:

Taker fee = 10,000 × 0.1% = 10 USDT
With BNB fee deduction (25% discount) = 10 × 75% = 7.5 USDT

Futures Trading Fees

USDⓈ-Margined Futures Rates

VIP Level	Maker Fee	Taker Fee
Regular	0.0200%	0.0500%
VIP 1	0.0160%	0.0400%
VIP 2	0.0140%	0.0350%
VIP 3	0.0120%	0.0320%
VIP 4	0.0100%	0.0300%
VIP 5	0.0080%	0.0270%

Futures fees are noticeably lower than spot fees because futures trading volume is typically much larger.

Coin-Margined Futures Rates

Coin-margined futures have a similar fee structure to USDⓈ-margined futures: regular user Maker 0.0100%, Taker 0.0500%.

Funding Rate

Futures trading also involves the Funding Rate, settled every 8 hours. The funding rate is not a fee paid to Binance — it's a transfer between long and short positions, designed to keep the futures price close to the spot price.

Deposit Fees

Depositing crypto to Binance is free — Binance charges no deposit fees. However, the blockchain's gas fee (miner fee) is borne by the user, as it's paid to blockchain miners and is unrelated to Binance.

Withdrawal Fees

Withdrawal fees vary by token and network. Here are some common examples:

Token	Network	Withdrawal Fee	Minimum Withdrawal
BTC	Bitcoin	0.0000055 BTC	0.0000110 BTC
ETH	ERC20	0.00028 ETH	0.00056 ETH
USDT	TRC20	1 USDT	10 USDT
USDT	ERC20	3.5 USDT	20 USDT
BNB	BEP20	0.0005 BNB	0.01 BNB

Note: Withdrawal fees are dynamically adjusted based on network congestion. The figures above are for reference only; actual fees are shown in the app.

Other Fees

P2P Trading

Binance P2P trading is fee-free. Buyers and sellers trade directly, and Binance serves as an escrow intermediary without charging fees. This is why many users choose P2P for fiat deposits.

Convert (Instant Exchange)

Binance's Convert feature also charges zero fees to users, though the price includes a spread.

Earn Products

Binance Earn products themselves don't charge fees, but some locked products may forfeit interest upon early redemption.

How to Reduce Fees

Use BNB for fee deduction: Enabling BNB fee deduction gives you a 25% discount
Register via referral link: Registering through the referral link provides an additional fee discount
Upgrade VIP level: Increase trading volume or hold more BNB to level up
Use limit orders: Maker fees are typically lower than Taker fees
Choose the right withdrawal network: Withdrawal fees vary significantly across networks; prioritize lower-cost networks

Understanding the fee structure allows you to better plan your trading strategy and reduce unnecessary costs.