In the crypto world, fees are unavoidable. How can we save on fees?

1. Use BNB to pay fees

Binance allows users to pay contract trading fees using BNB (Binance Coin) and enjoy a 25% discount.

How to set it up: In the Binance App or on the website, go to [Personal Center] - [Contract] - [Preferences], and enable the 'Use BNB to pay fees' option.

2. Increase VIP level

The higher the VIP level on Binance, the lower the contract trading fees. VIP levels are determined by the user's 30-day trading volume or holdings (such as BNB holdings).

How to check VIP level: Go to Binance, click [Personal Center] - [VIP Level], and check the current level and fee rate.

How to upgrade: By increasing trading volume or holding more BNB, you can upgrade your VIP level.

3. Use Maker orders

Binance's contract trading fees are divided into Maker (limit orders) and Taker (market orders):

Maker orders: Provide liquidity and have lower fees.

Taker orders: Consume liquidity and have higher fees.

Strategy: Try to use Maker orders to enjoy lower fees.

4. Participate in Binance activities

Binance often launches activities that reduce or refund contract trading fees, such as exclusive offers for new users, trading competitions, etc.

How to participate: Follow [Activity Center] to participate in relevant activities in a timely manner.

5. Reduce trading frequency

Frequent trading increases fee costs. Optimize your trading strategy and reduce unnecessary opening and closing operations to effectively lower fees.

6. Use rebate services (this is extra income, but it is calculated based on trading fees)

Through Binance's rebate program, you can receive a portion of the fees back.