#savemoneyonbinance
How to Reduce Trading Fees on Binance
Here’s a clear step-by-step guide:
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1. Pay Trading Fees Using BNB (Binance Coin)
Binance offers a 25% discount on trading fees if you use BNB to pay them (on Spot Trading).
How to enable it:
Go to your Profile Icon > Dashboard.
Turn ON the option "Use BNB to pay for fees".
Note:
Make sure you always have some BNB in your wallet to cover the fees.
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2. Increase Your VIP Level
Binance has VIP levels from VIP 0 to VIP 9.
The more you trade and the more BNB you hold, the higher your VIP level.
Higher VIP levels mean lower trading fees.
Example: As VIP 1, your Spot trading fee may drop from 0.1% to 0.075%.
How to level up:
Maintain a high trading volume over 30 days.
Hold a certain amount of BNB in your account.
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3. Prefer Maker Orders Over Taker Orders
Binance charges two types of fees: Maker and Taker.
Maker: When you place a Limit Order that adds liquidity to the market.
Taker: When you place a Market Order that removes liquidity.
Maker fees are always lower than Taker fees.
Tip: Try to use Limit Orders whenever possible.
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4. Take Advantage of Promotional Events
Binance frequently runs promotions:
Example: "Zero Trading Fee" or "Special Fee Discount" campaigns for specific coins.
Trading during these events can significantly reduce or eliminate your trading fees.
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5. Use BNB Vault or Earn Programs
By depositing your BNB into BNB Vault or Flexible Savings, you can earn passive income.
This extra income can help indirectly cover your trading costs.
