#CryptoFees101 💰
Understanding Binance Trading Fees – and How to Cut Them
Binance’s trading fees are designed to stay competitive, with spot trades (both maker and taker) typically starting at 0.1%. But smart traders don’t stop there — they strategize to pay less.
🪙 How to Reduce Your Fees:
✅ Use BNB (Binance Coin) to pay for trading fees
→ Get a 25% discount on spot trading fees
✅ Climb the VIP Tiers
→ Based on 30-day trading volume and BNB holdings
→ Higher tier = lower fees (can drop to very low percentages for high-volume traders)
🔄 Other Key Fee Notes:
Crypto Deposits: Usually free
Withdrawals: Fees vary by coin and network congestion
Futures Trading: Comes with its own (typically lower) fee structure
📌 Pro Tip:
Always double-check the official Binance Fee Schedule for the latest updates. Small savings add up big over time, especially if you trade frequently. 💹