#CryptoFees101 in the spot market, Binance fees for VIP level 0 users are 0.10% for both Maker and Taker orders. This means that for each transaction, a fee of 0.10% of the total order value is charged.

For example, for a purchase of 1 ETH, if the price of ETH is 3000 USDT, the fees would amount to 3 USDT (or 0.001 ETH if the fees are paid in the traded cryptocurrency).

It is important to note that Binance offers a significant reduction of 25% on these spot trading fees if the user chooses to pay Binance fees with BNB (Binance Coin), the native cryptocurrency of the platform. In this case, Maker and Taker fees are reduced to 0.0750%.

For pairs involving USDC, Taker fees may be slightly different, being 0.0950% (or 0.07125% with the BNB discount).