#CryptoFees101

Understanding Binance fees is crucial for optimizing your crypto trading and minimizing costs. Here's a comprehensive breakdown of the key fees on Binance and tips on how to reduce them effectively.

Types of Fees on Binance

1. Spot Trading Fees

Standard fee is 0.10% per trade for both makers (limit orders) and takers (market orders).

Makers add liquidity and usually pay lower fees; takers remove liquidity and pay slightly higher fees.

Using Binance Coin (BNB) to pay fees grants a 25% discount, reducing the fee to approximately 0.075%.

2. Futures Trading Fees

Futures fees are generally lower than spot fees.

Basic fees start at 0.02% for makers and 0.04% for takers.

Paying with BNB also gives a 10% discount on futures fees.

3. Deposit and Withdrawal Fees

Deposits: Binance does not charge fees for cryptocurrency deposits.

Withdrawals: Fees vary by cryptocurrency and network congestion.

Example withdrawal fees:

BTC: ~0.0005 BTC

ETH: ~0.0012 ETH

BNB: ~0.0002 BNB

Fiat deposit and withdrawal fees depend on the currency and payment method; some fiat deposits or withdrawals may incur bank fees or small charges.