When you place your first order on the Binance official website, you'll see "0.1%" in the fee column. Many users find this relatively high compared to some stock brokerages. The Binance Official App also displays this default rate. If you haven't installed the app yet, you can follow our iOS installation guide to get set up. Here is the short answer: 0.1% is the "sticker price" for beginners. By enabling BNB deduction, it immediately drops to 0.075%, and by layering VIP levels and referral codes, it can reach as low as 0.024%. Below, we'll detail every possible discount path. Beginners should focus on BNB deduction, while advanced users can look into VIP tiers.
What Do Standard Fees Look Like?
A: Regular users (VIP 0) pay 0.1% for both Maker and Taker orders in spot trading.
Binance fees are categorized into two types:
- Maker: Limit orders that enter the order book to provide liquidity.
- Taker: Market orders or limit orders that fill immediately, consuming liquidity.
While many exchanges offer lower rates for Makers (or even rebates), Binance's VIP 0 tier charges 0.1% for both. Differences only appear starting at VIP 1.
How Fees Are Deducted
When an order is filled, the system deducts the fee directly from the "asset received." For example:
- Buying BTC with 1,000 USDT: A 1 USDT fee is deducted, leaving you with BTC worth 999 USDT.
- Selling 1 BTC for USDT (assuming BTC price is 95,000): You receive 95,000 USDT, a 95 USDT fee is deducted, and 94,905 USDT is credited to your account.
You don't need to keep extra funds specifically for fees.
Level 1 Discount: BNB Deduction
A: Enabling BNB deduction gives a 25% discount, reducing the fee from 0.1% to 0.075%.
This is the simplest discount, and every beginner should use it.
How to Enable BNB Deduction
- Hold some BNB in your wallet (even a small amount worth a few USDT is enough).
- Go to "Account Center -> Preferences -> Use BNB to Pay Fees."
- Toggle the switch to ON.
On the mobile app: "Profile -> Settings -> Preferences -> Use BNB to Pay Fees."
How Deduction Works
When an order is filled, the system no longer deducts from the "asset received." Instead, it deducts an equivalent value from your BNB balance. For example:
- Buying BTC with 1,000 USDT (normally a 1 USDT fee).
- With BNB deduction enabled, an amount of BNB equivalent to 0.75 USDT is deducted.
- You receive the full 1,000 USDT worth of BTC.
- Your BNB balance decreases by 0.75 USDT worth.
Effectively, you save 25%.
Key Points
- If your BNB balance is insufficient, the system reverts to the standard 0.1% fee deducted from the asset received.
- BNB price fluctuations affect the actual amount of BNB deducted.
- BNB deduction only applies to trading fees and does not affect the trade itself.
Will the 25% Discount Last?
Historically, Binance has adjusted the deduction percentage (starting at 50%, then 25%, 20%, etc.), but it has remained stable at 25% for several years. Always refer to official Binance announcements for the current rate.
Level 2 Discount: VIP Trading Tiers
A: Ratings are automatically assigned based on your rolling 30-day trading volume and BNB holdings. VIP 9 offers rates as low as 0.012% Maker and 0.024% Taker.
Tier Standards (Dual Thresholds)
The Binance VIP system has two parallel conditions; meeting either one is sufficient:
Condition A: 30-Day Spot Trading Volume
| Tier | 30d Spot Volume (USD Equivalent) | Or 30d BTC Equivalent |
|---|---|---|
| VIP 0 | < 1M USD | — |
| VIP 1 | ≥ 1M USD | 50 BTC |
| VIP 2 | ≥ 5M USD | 500 BTC |
| VIP 3 | ≥ 20M USD | 2500 BTC |
| VIP 4 | ≥ 100M USD | 7500 BTC |
| VIP 5 | ≥ 150M USD | 22000 BTC |
| VIP 6 | ≥ 400M USD | 50000 BTC |
| VIP 7 | ≥ 800M USD | 100000 BTC |
| VIP 8 | ≥ 2B USD | 200000 BTC |
| VIP 9 | ≥ 4B USD | 400000 BTC |
Condition B: BNB Holdings
Each tier also requires a minimum BNB balance. VIP 1 typically requires holding at least 50 BNB (worth roughly 30,000-50,000 USDT at current prices).
Most individual traders remain at VIP 0. Reaching VIP 1 requires a monthly volume of $1 million, which is far beyond the typical retail user's volume of a few thousand dollars.
VIP Tier Fee Rates (With BNB Deduction)
| Tier | Maker Fee | Taker Fee |
|---|---|---|
| VIP 0 | 0.075% | 0.075% |
| VIP 1 | 0.0675% | 0.0750% |
| VIP 2 | 0.060% | 0.0675% |
| VIP 3 | 0.0405% | 0.045% |
| VIP 4 | 0.0315% | 0.0405% |
| VIP 5 | 0.0270% | 0.0360% |
| VIP 6 | 0.0225% | 0.0315% |
| VIP 7 | 0.0180% | 0.0270% |
| VIP 8 | 0.0135% | 0.0225% |
| VIP 9 | 0.0090% | 0.0180% |
VIP 9 is the highest tier and is generally out of reach for regular users.
Level 3 Discount: Referral Rebates
A: Users who register using a referral code may have a portion of their fees returned. The inviter receives a commission and can choose to share a percentage with the invitee.
Official Binance referral rewards usually range from 20% to 50% commission for the inviter. The inviter can set a "kickback" rate for the person they invite.
If you register with a rebate code, you enjoy the shared commission. A common 20% rebate means your effective cost is:
- 0.075% (after BNB deduction) × (1 - 20%) = 0.06%
Rebates are credited to your Funding Wallet after the trade is completed (usually T+0 or T+1), rather than being deducted upfront.
The Final Bill
A: How to achieve a drop from 0.1% all the way to 0.024%.
Assume you are a high-frequency VIP 9 user with BNB deduction enabled and a 25% referral rebate code:
- Starting Point: Taker 0.1%
- 25% BNB Deduction: 0.075%
- VIP 9 Tier: 0.018%
- 25% Referral Rebate: 0.0135%
In practice, you can get as low as 0.012% - 0.013%. This is the absolute limit for individual traders on Binance.
For a typical beginner:
- Starting Point: 0.1%
- 25% BNB Deduction: 0.075%
- 20% Referral Rebate: 0.06%
0.06% is the actual effective rate for regular users.
How to Increase Your VIP Tier (For Regular Users)
A: It's nearly impossible for retail users, but there are a few indirect paths.
1. Large BNB Holdings
VIP levels have BNB holding requirements. If you meet the holding threshold and your volume is close to the next tier, you may be upgraded. However, starting at 50 BNB for VIP 1 is a significant barrier for most.
2. Guilds/Community Pools
Some quant teams or communities consolidate multiple users into a single master account to boost volume. This often involves legal and security risks (KYC issues) and is not recommended.
3. Sub-Account Aggregation
Institutional accounts (corporate verification) support a sub-account system where all sub-account volume counts toward the master account. This is not available for standard individual accounts.
4. Inviting Many Users
While referral commissions provide income, the trading volume of your invitees does not count toward your own VIP tier.
Real Impact of Different Fee Rates
A: Fee rates have a massive impact on short-term trading but less so on long-term holding.
Long-term Holding (Buying once a year)
Buying 100,000 USDT worth + selling a year later:
- 0.1%: 200 USDT in round-trip fees.
- 0.075%: 150 USDT.
- 0.06%: 120 USDT.
The difference is just a few dozen USDT, which has a limited impact on long-term gains.
Short-term Trading (Daily entry and exit)
100,000 USDT × 2 trades per day (Buy + Sell) × 250 trading days:
- 0.1%: $50,000 in annual fees.
- 0.075%: $37,500.
- 0.06%: $30,000.
The difference starts at $20,000, making it a critical factor for short-term traders. Frequent traders must enable BNB deduction.
What Are Other "Discounts"?
A: Binance occasionally offers promotional rates or zero-fee trading pairs, but these are usually time-limited.
Zero-Fee Trading Pairs
Binance periodically introduces zero-fee promotions for specific new listings or strategic trading pairs, which can be found in the "Spot -> Zero Fee" section. These usually last from a few weeks to several months.
Promotional Rebates
New user deposit bonuses, monthly rebate events, etc., are occasionally announced. These are temporary incentives, not permanent fee structures.
OTC Trading
For single orders exceeding 100,000 USDT, you can use OTC (Over-the-Counter) trading for negotiated rates, which are often lower than spot rates. This is rarely applicable for regular users.
FAQ
Q: Do I need to pay BNB separately if I enable BNB deduction? A: No. The system automatically deducts the equivalent amount from your BNB balance when you trade. Just ensure you have enough BNB in your wallet.
Q: How much BNB balance is enough? A: Each deduction is approximately 0.075% of your trade value. For a monthly volume of 10,000 USDT, you'd need about 7.5 USDT worth of BNB (approx. 0.025 BNB at a price of 300). We recommend keeping at least a month's worth.
Q: Which wallet is the BNB deducted from? A: The Spot Wallet. If your BNB is in Earn, Futures, or Funding wallets, you must transfer it to your Spot Wallet to use it for fee deductions.
Q: How often are VIP levels evaluated? A: Binance automatically re-evaluates VIP tiers daily at 08:00 UTC, based on your rolling 30-day volume and current BNB holdings.
Q: Which wallet are referral rebates sent to? A: Funding Wallet. The currency is usually the same as the asset used in the original trade. You can transfer it to your Spot Wallet for further use.
Q: How do I disable BNB deduction? A: Go to "Account Center -> Preferences -> Use BNB to Pay Fees" and toggle the switch OFF. Fees will immediately revert to the standard 0.1%.
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