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Binance is one of the most famous cryptocurrency trading platforms in the world, not only for its ease of use and security but also for the competitive trading fees it offers. If you're wondering about trading fees and how they are calculated, this guide will explain everything you need to know.

First: Types of Trading Fees on Binance

Spot Trading Fees:

Fees depend on the Maker-Taker system:

Market Maker: is the person who places a trade order that is not executed immediately, helping to provide liquidity to the market.

Market Taker: is the person who executes an existing trade order in the order book.

Base fees:

Trading fees start at 0.1% for both maker and taker.

These fees can be reduced if you use BNB to pay trading fees.

Futures Trading Fees:

Futures contract fees are lower than spot trading fees:

Market Maker: 0.02%

Market Taker: 0.04%

Fees vary depending on your monthly trading volume and VIP level.

P2P Trading Fees:

There are no direct trading fees on transactions between users, but a small fee may be charged on certain payment methods.

Fees for purchasing cryptocurrencies using bank cards:

If you are buying cryptocurrencies using a Visa or Mastercard, fees range from 1.8% to 2% of the transaction amount.

Second: How to Reduce Trading Fees on Binance

Using BNB to pay fees:

If you hold BNB in your account and use it to pay trading fees, you can get a discount of up to 25%.

Increase trading volume:

The higher your monthly trading volume, the lower your fees thanks to the VIP levels system offered by Binance.

Discounts start from VIP level 1 and increase as your trading level rises.

Take advantage of promotional offers:

Binance occasionally offers special promotions that include discounts on trading fees for certain cryptocurrency pairs.

Third: Deposit and Withdrawal Fees on Binance

Deposit Fees:

Depositing cryptocurrency: usually free.

Fiat Deposit: Fees vary depending on the payment method (bank transfer, credit card, etc.).

Withdrawal Fees:

Withdrawal fees depend on the cryptocurrency and the network used.

You can check the updated withdrawal fees in the 'Withdraw' section on the platform.

Important Tips:

Always check the updated fee schedule on the Binance website before making any transactions.

Use this link to register on Binance and start trading with competitive fees and additional benefits.