✅ Reduce Transaction Fees on Binance
Reducing your transaction fees is essential to maximize your profits, especially if you trade frequently. Here are several effective strategies to pay less in fees on Binance:
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1️⃣ Use BNB to Pay Trading Fees
Binance offers a discount when you use BNB (Binance Coin) to pay your transaction fees. Here's how it works:
• Current discount: -25% on Spot fees and -10% on Futures when paying with BNB.
• How to activate it:
1. Go to Profile > Dashboard.
2. Enable the Use BNB for fees option.
✅ Tip: Always keep a small balance in BNB in your account to avoid paying fees at full price. You can also enable the Convert small balances to BNB option to recover unused crypto fractions.
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2️⃣ Join the VIP Program
Binance offers a VIP program with several levels (from VIP 0 to VIP 9) that provide reduced fees based on your trading volume over 30 days.
• Benefits of the VIP program:
• Reduction of Spot and Futures fees.
• Access to personalized services and a dedicated account manager.
• Conditions:
• Example: To become VIP 1, you need a volume of 1 million USDT in 30 days.
✅ Tip: If you make many trades, try to consolidate your activities on Binance to reach VIP thresholds more quickly.
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3️⃣ Use a Referral Code with Fee Discount
When you create a Binance account with a referral code, you can benefit from an immediate discount on your fees. Some codes offer up to 20% off.
✅ Tip: If you are already registered, you can still take advantage of discounts by creating a sub-account with a beneficial referral code.
