You can save 25% on Spot trading fees. If you are a VIP user, you can receive a 25% discount in addition to your VIP discount. For more details, please refer to Benefits of BNB.
To use BNB to pay for trading fees and get a 25% discount, you must have BNB in your Spot Wallet and enable the [Using BNB for fees] function first.
There are several ways to enable or disable the [Using BNB for fees] function.
1. You can enable or disable the function from the Spot Trading pages. Click [Fee Level] and toggle [BNB/BTC] on or off.
2. You can also enable or disable the function by visiting the Fees & Transactions Overview page. Toggle on and off the button under [BNB Discount] to enjoy a 25% discount on Spot trading fees.
1. Log in to your Binance app and go to [Profile]. Tap the [Settings] icon in the top right corner.
2. Tap [Using BNB]. Toggle on or off the button next to [Use BNB to pay fees] to enjoy a 25% discount on Spot trading fees.
3. You can also enable the [BNB Discount] by going to [Trade] - [Spot], and tapping [...] - [Fee].
*Important Note: The 25% discount is valid until further notice.
By enabling the [Using BNB Deduction] setting, you can enjoy a discounted trading fee. If this setting is disabled, Binance will apply the full 100%trading fees. Please refer to the Fees & Transactions Overview page for more details on trading, interest rate, and deposit/withdrawal fees.
Please note that trading fees are usually charged in the cryptocurrency you receive as a result of the trade and subsequently converted into BNB.
For example, you're a regular user and you place an order to buy 10 ETH at 3,452.55 JPY each:
Conversely, if you place an order to sell 10 ETH at 3,452.55 JPY each:
Please make sure that you maintain a sufficient BNB balance in your account to pay for your trading fees.
When you trade BNB to receive ETH, the system will calculate the fee based on the exchange ratio of ETH to BNB, based on the market price of ETH/BTC and BNB/BTC.
Exchange ratio of ETH/BNB = ETH/BTC[market price] / (BNB/BTC[market price])
Please note that Binance updates its market price when your trades are filled. You can check the Trade History page for the final fees charged.
The system uses the exact amount filled to calculate the BNB discount fee for an order. However, the actual amount filled is unknown when you place the order. Therefore, it will only display an estimated fee in the receiving token.
To calculate the BNB fee for non-BNB pairs, the system converts the value of the non-BNB pair token to BNB using an average rate rather than the spot rate at the time, which may result in a slight difference.
Here’s how it works:
1. Convert the token to a chosen quote token.
2. Convert the quote token back to BNB using the BNB/quote token pair with the shortest trading time.
For example, to get XRP/BNB, we take the XRP/JPY rate and multiply by 1/(BNB/JPY)
If your BNB balance is insufficient, you’ll be charged the original fee listed on the Fees & Transactions Overview page. You can preview the estimated discounted trading fee amount from [Est. Fee]* when you place an order on the Binance website. This provides an estimate of the fee that will be converted to BNB and deducted from your balance.
