1. Use BNB to pay fees
Binance allows users to use BNB (Binance Coin) to pay for contract trading fees and enjoy a 25% discount.
How to set up: In the Binance App or web version, go to [Personal Center] - [Contract] - [Preferences], and enable the 'Use BNB to pay fees' option.
2. Upgrade VIP level
The higher the VIP level on Binance, the lower the contract trading fees. VIP levels are determined by the user's trading volume or holdings (such as BNB holdings) over 30 days.
How to view VIP level: Enter Binance, click [Personal Center] - [VIP Level], and check the current level and fee rate.
How to upgrade: By increasing trading volume or holding more BNB, you can elevate your VIP level.
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 contract trading fee reductions or cashback activities, such as exclusive offers for new users, trading competitions, etc.
How to participate: Follow [Activity Center] to timely participate in related activities.
5. Reduce trading frequency
Frequent trading will increase fee costs. Optimizing trading strategies and reducing unnecessary opening and closing operations can effectively lower fees.
6. Use cashback services (this is additional income, calculated based on the trading fees).
Binance's cashback program is that you register through my referral link, establish a cashback relationship with me, and subsequently, a certain percentage of your trading fees will be sent to my account, which I can return to you. By registering through my link, you can enjoy an 80% fee cashback, 35% for spot trading, and 25% for contracts. The 40% shown for contracts is only for the first month. The platform will give new registered users an additional 10% reward, which will revert to 30% after the second month. The automatically returned amount to your account for spot trading is 20%, and for contracts is 10%. The remaining part is settled once a week on Monday. Any part that exceeds the shown contract percentage is a scam, and you can verify with official customer service.
