#CryptoFees101 on Binance: Understanding Your Costs

Navigating crypto fees is crucial, and on Binance, several factors influence them. Typically, spot trading fees start at 0.1%. However, you can significantly reduce these!

Key ways to save:

* Pay with BNB: Using Binance Coin (BNB) for fees grants a 25% discount on spot and margin trading.

* Increase Trading Volume: Higher 30-day trading volume elevates your VIP level, leading to lower fees.

* Utilize Limit Orders: Placing limit orders (as a "maker") generally incurs lower fees than market orders ("takers").

* Monitor Promotions: Binance frequently offers special promotions and zero-fee trading pairs.

Withdrawal fees are dynamic, depending on the cryptocurrency and network congestion. Always check before confirming! Understanding these can help you maximize your crypto gains