#CryptoFees101

On the Binance exchange, there are various types of fees depending on the type of transaction and service you use. Below is a list of common fees in crypto on Binance:

✅ 1. Trading Fee

Applies to buying/selling crypto on Spot, Margin, Futures, ...

◾ Spot Trading

• Default fee:

Maker: 0.1%

Taker: 0.1%

• Fee reduction if:

• Use BNB to pay fees (reducing ~25%)

• High trading volume or high VIP level

◾ Futures Trading (Futures Contracts - USDⓈ-M or COIN-M)

• USDⓈ-M Futures:

• Maker: ~0.02%

• Taker: ~0.04%

• COIN-M Futures:

• Maker: ~0.01%

• Taker: ~0.05%

• Fee reduction if:

• Use BNB to pay fees

• Achieve VIP level

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✅ 2. Withdrawal Fee

• Depends on the type of coin and blockchain network.

• Example:

• BTC withdrawal via BTC network: ~0.0002 BT

• ETH withdrawal via ERC20 network: ~0.001 ETH (usually higher than other networks)

• USDT:

• TRC20: ~1 USDT

• ERC20: ~5–10 USDT (much higher)

✅ 3. Deposit Fee

• Binance does not charge deposit fees, but:

• Some blockchains have their own gas fees (paid by the sender).

• Transactions from wallets with unclear networks may result in loss of funds.

✅ 4. Internal transfer fee Binance Pay / transfer between users

• No fee if internal transfer within Binance (Binance Pay or user ID).

✅ 5. P2P transaction fee (Peer-to-peer trading)

• Regular buyer/seller: No fees charged.

• Merchant (Seller):

• May incur transaction fees of 0.35–0.8% depending on the country and volume.

✅ 6. Fee for using other services

◾ Margin Fee

• Pay interest on borrowed coins daily/hourly.

• Depends on the type of coin, for example:

• USDT: ~0.03%/day

• BNB: lower

◾ Bot usage fee, automated strategies (auto-invest, grid bot, ...)

• No specific fee, but still subject to regular trading fees.

◾ Conversion fee

• Fees are not clearly displayed, but there is a hidden spread between the buy and sell prices.

#CryptoFees101