Recently, the backend exploded with dozens of private messages asking the same question: 'Old player, why do I earn a few thousand less than you when we make the same contract order?'
Here's a heart-wrenching fact: 90% of retail investors are quietly being 'sliced' by fees, unaware of it. Today, I pulled out the best-kept secrets of Binance contract fees. Understand this article, and you can directly earn an extra 3%-5% on your next order, especially with the last technique, which helped a fan save 40,000 in fees last week.
First, fees are not 'one-size-fits-all'; there is a difference of one basis point between the two modes.
Binance contract fees come in two types: maker and taker. Don't be confused by the names; remember this: a maker 'waits to execute', while a taker 'grabs the execution'.
Maker: You set a price and wait for others to take it. After execution, the fee rate is 0.02% (if there is BNB in the spot account to offset, it drops directly to 0.018%).
Taker: Directly buy at market price, with a fee rate of 0.04% (after BNB discount, 0.036%).
Take a position of 100,000 U for example; a maker order saves 20 U compared to a taker order. Opening and closing positions back and forth saves a total of 40 U in a year, enough to buy the latest laptop.
Second, VIP levels hide 'invisible discounts'; this wave of benefits must be seized.
Don't think that fees are fixed. Binance's VIP levels are a 'money-saving tool'. I am currently VIP5, with a maker fee of 0.015% and a taker fee of 0.025%. Compared to ordinary users, on a 1 million U order, I can save 150 U per transaction.
Upgrading to VIP is easy:
Keep 5000 BNB (or equivalent assets) in your account to directly unlock VIP1.
Meeting monthly trading volume targets works too, for example, trading 10 million U within 30 days automatically upgrades to VIP2.
Last month, I helped fans increase their trading volume, and three retail investors banded together to boost their trading volume. By the end of the month, they all reached VIP2, and their trading costs are now 20% lower than before.
Third, the ultimate fee-saving formula: BNB + Maker + VIP = effortless profit.
I'll teach you the combination I used for 3 years:
Always keep 100 BNB in your account to open 'BNB fee discounts', which gives you a 10% discount.
Never enter the market at market price for non-urgent orders. Wait for the maker order, especially in volatile markets, where fees can be cut in half.
Check VIP progress on the 1st of every month. If you are short on trading volume, let me know, and I'll help you get there.
Last week, a fan used this method on a 500,000 U order and saved 3,800 U in fees alone, equivalent to earning the equivalent of 3 Bitcoin.
Lastly, let me say something heartfelt.
In the crypto world, every penny earned must be meticulously calculated. Fees may seem like small change, but they add up to significant profits. I suggest you save this content and refer to it before opening your next order.
Break down the 'contract fee trap', specifically teaching you how to quickly execute trades while minimizing fees in extreme market conditions. Click to follow, and I will remind you as soon as the broadcast starts. Let's turn fees into a 'profit accelerator' and make ten times more this bull market!$ETH
