#CryptoFees101
---
๐ Trading Fee 101: What You Need to Know
Whether you're a seasoned trader or just starting out, understanding trading fees is key to maximizing your profits. Letโs break it down:
๐น What Are Trading Fees?
Every time you buy or sell crypto, you pay a small fee. On Binance, this is usually a maker or taker fee โ depending on whether you add liquidity or take it.
๐น Maker vs. Taker
Maker: You place a limit order that doesnโt fill immediately โ youโre adding liquidity.
Taker: You place a market order or fill an existing order โ youโre taking liquidity.
๐น Fee Structure (Spot Trading)
๐ Starts at 0.1% for both makers and takers.
๐ Get up to 25% off if you pay with BNB!
๐ Higher trading volume = Lower fees. Simple.
๐น Pro Tip
โ Use BNB to reduce fees
โ Watch your VIP level โ higher tiers = lower rates
โ Check the Binance Fee Schedule for updates
---
๐ก Fees may be small, but they add up fast. Learn them, master them, and keep more of your profits.
