Attention all Binance users! If you don't understand how they charge you commissions, it's very likely that you are losing money without realizing it.
Here I explain it simply, with data that applies for June 2025:
1. The basic commission: 0.1% per transaction
Every time you make a transaction on Binance, you are charged a commission of 0.1%. This may seem small, but if you make many transactions, the cost adds up. For example, if you make 50 transactions of $100 a month, you are already paying $5 in commissions without realizing it.
2. Save by paying with BNB
You can reduce this commission to 0.075% if you choose to pay your fees with BNB (the cryptocurrency of Binance). The difference is small in small numbers, but it becomes significant when moving large amounts of money. Enable this option in your settings to save automatically!
3. Maker vs. Taker: Patience or hurry?
Binance differentiates between two types of transactions, and this affects your commissions:
* Maker: If you place an order that does not execute immediately, like a limit order waiting for a specific price, you are adding liquidity to the market. For this, Binance rewards you with a lower commission (starting from 0.1%).
* Taker: If your order executes instantly, like a market order that buys or sells at the current price, you are 'taking' liquidity from the market. Here, the commission is higher (up to 0.2%).
If you usually only use market orders, you are paying more than necessary in each transaction.
4. VIP benefits for large volumes
If you trade large amounts (over $1 million a month) or have more than 25 BNB, you can access VIP levels that lower your commissions by up to 80%. You don't need to be a total 'big fish'; if you trade frequently, leveling up can mean significant savings.
5. The 'hidden commissions' when converting
When you use the 'Convert' option instead of making a regular trading operation, Binance does not show you a direct fee. Instead, it applies a 'spread', which is a small difference between the actual market price and the price they offer you. While it is not an explicit fee, using this function repeatedly can cause you to lose more money than if you paid the normal commissions.
In summary, understanding how these commissions work is not just theory; it's a practical way to avoid giving away money and increase your profits. Adjusting your settings and knowing these tricks can save you between $100 and $1,000 a year, depending on how much you trade!
Have you checked your commission settings on Binance?