The trading fees on Binance exchange vary based on the type of transaction, primarily including spot trading and contract trading, as detailed below:
- Spot Trading Fees: Binance's spot trading fee is usually 0.1%. If users hold the platform token BNB and pay fees with BNB, they can enjoy a 25% discount, reducing the fee to 0.075%. Additionally, market news indicates that Binance previously waived the fees for Bitcoin spot trading pairs, but it is unclear if this policy is still in effect.
- Contract Trading Fees: Binance's contract trading fees vary based on contract type and user level. Generally, new users also have contract trading fees around 0.1%, and can enjoy a discount if paying with BNB. Binance classifies users based on trading volume and other metrics, where higher trading volumes may result in lower fee rates. Additionally, contract trading has funding rates, with the funding rate settlement frequency for the BANUSDT perpetual contract being every two hours, and the maximum funding rate range maintained between +3.00% and -3.00%.
- Other Fees: When purchasing cryptocurrency using a debit or credit card, the fee can be as high as 3.75%. If there are no special regulations, wire transfer methods typically have no fees, but not all regions support this. Cryptocurrency deposits usually have no fees, with deposits of Bitcoin (BTC), Tether (USDT), and Ethereum (ETH) being free. Withdrawal fees depend on the specific cryptocurrency and can change with market conditions; users should check the Binance official website for the latest information at the time of withdrawal. The trading fees on Binance exchange vary based on the type of transaction, primarily including spot trading and contract trading, as detailed below:
- Spot Trading Fees: Binance's spot trading fee is usually 0.1%. If users hold the platform token BNB and pay fees with BNB, they can enjoy a 25% discount, reducing the fee to 0.075%. Additionally, market news indicates that Binance previously waived the fees for Bitcoin spot trading pairs, but it is unclear if this policy is still in effect.
- Contract Trading Fees: Binance's contract trading fees vary based on contract type and user level. Generally, new users also have contract trading fees around 0.1%, and can enjoy a discount if paying with BNB. Binance classifies users based on trading volume and other metrics, where higher trading volumes may result in lower fee rates. Additionally, contract trading has funding rates, with the funding rate settlement frequency for the BANUSDT perpetual contract being every two hours, and the maximum funding rate range maintained between +3.00% and -3.00%.
- Other Fees: When purchasing cryptocurrency using a debit or credit card, the fee can be as high as 3.75%. If there are no special regulations, wire transfer methods typically have no fees, but not all regions support this. Cryptocurrency deposits usually have no fees, with deposits of Bitcoin (BTC), Tether (USDT), and Ethereum (ETH) being free. Withdrawal fees depend on the specific cryptocurrency and can change with market conditions; users should check the Binance official website for the latest information at the time of withdrawal.
