#CryptoFees101 ๐ **#CryptoFees101: How Binance Fees Work**
Understanding crypto fees is essential for every trader! On **Binance**, fees are competitive and can be reduced if you know how to navigate them.
โ **Spot Trading** fees start at 0.10% for both makers and takers. Pay using **BNB (Binance Coin)** to get a **25% discount**, dropping your fee to just **0.075%**.
โ **Futures Trading**? Fees are even lowerโ0.02% (maker) and 0.04% (taker). Use BNB to save an extra 10%.
โ **P2P** and **withdrawal fees** vary by coin and network, so check details before each transfer.
๐ก Pro tip: Use a referral code and level up your **VIP tier** with higher volumes to unlock even better rates.
Trade smart. Save more.