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When you’re just starting with crypto on Binance, one of the first things that might confuse
you is fees. You buy a coin, and somehow you end up with a little less than expected. You
withdraw some funds, and the final amount isn’t what you thought it would be. That’s
because every action on Binance like buying, selling and withdrawing usually involves a fee.
But don’t worry. In this guide, You’ll learn what fees Binance charges, when and why they
apply, and most importantly, how to reduce or even avoid them in many cases.
1. What are binance Fees?
Binance offers many services, and each has its own type of fee. Here’s a quick overview:
Trading Fees
These are the most common. Every time you buy or sell crypto on the Spot, Futures, or
Margin markets, you pay a small fee. This is called a maker or taker fee depending on your
role in the trade:
● Maker Fee: You add liquidity (e.g., by placing a limit order).
● Taker Fee: You remove liquidity (e.g., by placing a market order).
Standard Spot Fee: 0.1%
(This can be lower if you use BNB or become a VIP user.)
Binance does not charge any fees for crypto deposits. You can send BTC, ETH, or any
supported coin to your Binance wallet for free.
Note: Network fees may apply depending on the coin’s blockchain.
Withdrawal Fees
Whenever you withdraw crypto from
Binance to an external wallet, you’ll pay a network fee.
This isn’t taken by Binance—it’s paid to the blockchain (miners or validators).
● For example, withdrawing USDT on the Ethereum network (ERC20) is usually more
expensive than withdrawing via the Tron network (TRC20).
Fiat Deposit/Withdrawal Fees
If you’re using a bank transfer, credit card, or third-party provider to deposit or withdraw fiat
(like USD, EUR, PKR), there may be processing fees. These vary by payment method and
region.
P2P (Peer-to-Peer) Fees
● For buyers: Zero fees.
● For advertisers or merchants: There may be a small service fee depending on the
region and volume.

Conversion Fees
Using the Convert feature to swap one coin for another is super easy, but the exchange rate
includes a small hidden spread—so you’re technically paying a small fee without it being
visible.
2. How to Check the Fee Before Making a Transaction
Binance is transparent. You can always check the exact fee before confirming any
transaction:
● When placing a trade, the fee is shown before clicking “Buy” or “Sell.”
● For withdrawals, the fee is displayed based on the chosen network.
● On the Fee Schedule Page, you can see all trading and withdrawal fees based on
your account level.
3. How to Reduce Binance Fees
If you want to keep more of your profits, follow these practical steps:
Use BNB to Pay Fees
By turning on the “Use BNB for Fees” option in your account settings, Binance gives you a
25% discount on trading fees. This is one of the easiest ways to save money.
To enable it: Go to [Profile Icon] → Settings → Fee Preferences → Toggle
ON “Use BNB for Fees.”
When withdrawing crypto, Binance gives you a choice of networks:
● ERC20 (Ethereum): High fees
● TRC20 (Tron): Low fees
● BEP20 (BNB Chain): Low fees
Always pick the cheapest supported network for your destination wallet.
Trade on Spot Instead of Using Convert
The Convert tool is fast, but you usually get better prices on the Spot Market, where you can
place limit orders and avoid hidden spreads.
Increase Your Trading Volume (VIP Tiers)
Binance has a VIP Program. As you trade more, you move up levels and get lower fees.
● VIP 0 (default): 0.1% fee
● VIP 1–9: Fees reduce step-by-step
Even small traders can level up with consistent activity.
Use Binance P2P for Zero-Fee Transactions
Buying crypto with your local currency? Use Binance P2P. It connects you directly with
verified users, with no fees for buyers.
Avoid Unnecessary Transactions
Don’t withdraw tiny amounts too often—fees can eat a big chunk. Try batching your
withdrawals or waiting until you have a larger amount to save on costs.
4. Conclusion
Understanding Binance fees may not seem exciting, but it’s one of the smartest moves you
can make as a beginner. Paying attention to how much you’re charged—and where you can
save, adds up over time. Even small changes like using BNB or switching networks can
make a big difference.
Stay tuned for Episode #10: “How to Use Binance Lite vs. Binance Pro”
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When it comes to using Binance effectively, knowing how to deposit and withdraw money
safely and efficiently is a must. Whether you’re investing in your first crypto or cashing out
your profits, this guide walks you through the essential steps.
1. How to Deposit Money into Binance
Step-by-Step for Fiat Deposit (like PKR, USD, EUR):
1. Log in to your Binance account using the app or website.
2. Tap on “Assets” > then select “Deposit.”

3. Choose Fiat and select your currency (e.g., USD, PKR).

4. Select your payment method (bank transfer, debit/credit card, EasyPaisa, JazzCash,
etc. depending on your country).
5. Enter the amount and complete the payment instructions shown.
Step-by-Step for Crypto Deposit:
1. Go to Wallet > Deposit
2. Choose Crypto and select the token (e.g., BTC, USDT).
3. Copy your wallet address or scan the QR code.

4. Use this address on your external wallet or exchange to send the funds.
Important: Double-check the network before sending! Sending to the wrong
network could result in a loss of funds.
2. How to Withdraw Money from Binance
For Fiat Withdrawals:
1. Head to Asset > Withdraw.

2. Select Fiat and choose your local currency.
3. Choose a withdrawal method (bank transfer, mobile wallets, etc.).
4. Enter amount, verify identity (if required), and confirm the transaction.
For Crypto Withdrawals:
1. Tap Withdraw > Crypto.
2. Choose the coin to withdraw.
3. Paste the recipient wallet address and select the correct network.
4. Enter amount and confirm with 2FA.
Use trusted addresses and always verify networks to avoid loss of funds.
3. Tips to Keep in Mind
● Always verify your identity (KYC) to access all deposit/withdrawal options.
● Binance provides real-time fee estimates before confirming any transaction.
● If you’re using Binance P2P for local currency transfers, use escrow protection and
verify seller/buyer ratings.
● Enable 2FA (Two-Factor Authentication) to enhance your security.
Conclusion
Whether you’re topping up your account or cashing out profits, Binance makes it seamless
to deposit and withdraw both fiat and crypto. Just follow the steps carefully and double-check
wallet addresses and networks to stay safe.
Coming Up Next in Episode #9:
“Understanding Binance Fees (and How to Reduce Them)”
You’ll learn what fees apply on Binance, how they work, and tips to cut them down using
BNB and other smart strategies.
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