In the crypto world, transaction fees are inevitable. How can we save on fees?

1. Use BNB to pay fees

Binance allows users to pay contract trading fees with BNB (Binance Coin) and enjoy a 25% discount.

How to set it up: In the Binance App or website, go to [Personal Center] - [Contracts] - [Preferences], and turn on the 'Use BNB to pay fees' option.

2. Upgrade VIP level

The higher the VIP level on Binance, the lower the contract trading fees. The VIP level is determined by the user's trading volume or holdings (such as BNB holdings) over the past 30 days.

How to check VIP level: Enter Binance, click [Personal Center] - [VIP Level], to view your current level and fee rates.

How to upgrade: You can increase your VIP level by increasing your trading volume or holding more BNB.

3. Use Maker orders

Binance's contract trading fees are divided into Maker (limit orders) and Taker (market orders):

Maker orders: Provide liquidity, lower fees.

Taker orders: Consume liquidity, higher fees.

Strategy: Try to use Maker orders to enjoy lower fees.

4. Participate in Binance activities

Binance often launches activities for fee discounts or cashback on contract trading, such as exclusive offers for new users, trading competitions, etc.

How to participate: Follow [Activity Center] and participate in relevant activities in a timely manner.

5. Reduce trading frequency

Frequent trading increases fee costs. Optimize your trading strategy and reduce unnecessary opening and closing positions to effectively lower fees.

6. Use rebate services (this is extra income calculated based on trading fees)

Binance's rebate program means that you register through my referral link, establish a rebate relationship with me, and a certain percentage of your trading fees will be sent to my account. I can then return it to you. By registering through my link, you can enjoy an 80% fee rebate, 35% for spot trading, and 25% for contracts. The contract shown in the image displays a 40% rebate only for the first month. The platform will give new registered users an additional 10% reward, and after the second month, it will return to 30%. Spot trading automatically returns 20% to your account, and 10% for contracts. The remaining portion will be settled once a week. Any proportions exceeding those shown in the image are scams and can be verified with official customer service.