#CryptoFees101 Understanding how fees work on Binance is essential for maximizing your trading efficiency. Binance charges trading fees for every buy and sell order, and these vary based on your VIP level, 30-day trading volume, and whether you use BNB (Binance Coin) to pay fees.

For regular users (VIP 0), the standard trading fee is 0.1% for both maker and taker orders. However, if you enable the option to pay fees with BNB, you receive a 25% discount, reducing your trading fee to 0.075%. This makes BNB a cost-effective choice for active traders.

Other fees include withdrawal fees, which vary by token and network (e.g., ETH withdrawals cost more than TRX), and deposit fees, which are usually free. Binance also charges for services like margin interest, futures funding, and converting crypto.

To save on fees:

• Enable “Use BNB for Fees” in settings.

• Increase your trading volume for lower VIP rates.

• Choose tokens and networks with lower withdrawal costs.

Understanding #CryptoFees101 on Binance helps you trade smarter, save more, and make the most of your crypto experience.