#CryptoFees101 Understanding Binance Fees 🧾🔍
Before you start trading, it's crucial to understand how fees work on Binance—because every satoshi counts!
🔹 1. Spot Trading Fees:
Binance charges a flat 0.1% fee on spot trades. But if you pay with BNB, you get a 25% discount—so effective fee becomes 0.075%. Always a good idea to keep some BNB in your account!
🔹 2. Futures Trading Fees:
Maker fee: 0.02%
Taker fee: 0.04%
Again, using BNB gives you discounts here too. Plus, if you’re providing liquidity (maker), you pay less!
🔹 3. Withdrawal Fees:
Each crypto has its own withdrawal fee, which changes based on network congestion. Always check the fee before withdrawing, and consider using lower-cost networks like BEP20 (BNB Chain) when possible.
🔹 4. Deposit Fees:
Good news—Binance doesn’t charge any fees for crypto deposits. 🙌