Binance Trading Fee Expenditure

Spot single-side fee rate is 0.1%, buying and selling requires a fee of 0.2% of the purchase amount

Example: Trading 10,000 USDT in Bitcoin, the fee required is 20 USDT (specific to the actual purchase amount)

Contract single-side fee rate is 0.02% (limit order), 0.05% (market order), same as above

Example: Using 100 USDT principal with 100x leverage, the position value is 10,000 USDT (high leverage is not recommended, this is just for example)

In the case of using market orders, the combined fee for opening and closing positions needs 10 USDT, accounting for 10% of the principal, and this is just the fee for one order, while trading is long-term, this expenditure adds up to a considerable amount

Fortunately, there are ways to reduce fees.