#CryptoFees101

Binance charges three main types of fees: trading, withdrawal, and deposit fees. Trading fees on the spot market are typically 0.1% for both makers and takers, but if you use BNB (Binance Coin) to pay fees, you get a 25% discount, reducing it to 0.075%. Futures trading fees are even lower, starting at 0.02% for makers and 0.04% for takers.

Withdrawal fees vary by cryptocurrency and network. For example, withdrawing USDT on the TRC20 network costs around 1 USDT, while other networks like ERC20 can be more expensive. Deposits, on the other hand, are generally free.

Binance also offers a VIP program, where high-volume traders enjoy reduced fees. To save on fees, consider holding BNB and using cost-effective networks like TRC20 or BEP20. For full details, always check the official Binance fee schedule.

#CryptoFees101