#CryptoFees101

Commissions on the Binance crypto exchange depend on the type of transaction and the user level. Here is the basic information:

1️⃣Trading commissions (Spot Trading): For standard users (VIP 0), the commission is 0.1% of the transaction amount for makers (creating liquidity) and takers (taking liquidity). Payment in the native BNB token gives a 25% discount, reducing the rate to 0.075%. For a pair with USDC, the commission can be 0.095% (0.07125% with a discount). Commissions decrease with increasing trading volume (VIP levels).

2️⃣Futures (Futures Trading): The starting commission for makers is 0.02%, for takers - 0.05%. Using BNB gives a 10% discount. Rates also depend on the VIP level and trading volume.

3️⃣Contributions (Deposits): Deposits are free cryptocurrency, but may incur network fees depending on the blockchain. Fiat deposits (e.g. via bank transfer) may have fixed or percentage fees that vary by payment method.

4️⃣Withdrawals (Withdrawals): Withdrawal fees depend on the cryptocurrency and network conditions (e.g. blockchain upload). For example, a BTC withdrawal may cost ~0.0001 BTC, ETH varies. Fiat withdrawals (SEPA, etc.) may cost €1.50 or more depending on the amount.

• P2P trading: There is no fee for buyers, but sellers may pay a small percentage depending on the country and payment method.

• Other services:

• Staking: Up to 35% of the rewards earned.

• Binance Card: Conversion or transaction fees may apply.

• Conversion: Free for 350+ cryptocurrencies.

Commissions may vary depending on market conditions, VIP status (based on 30-day trading volume and BNB balance), and promotional offers.