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Understanding Trading Fees on the Binance Platform

If you are trading cryptocurrencies on Binance, understanding the fees is key to managing your investment wisely.

Trading Fees: Start at 0.1% for each buy or sell transaction and can be reduced when using BNB for payment.

Withdrawal Fees: Vary depending on the currency; for example, withdrawing USDT on the TRC20 network is cheaper than on ERC20.

Leverage Trading Fees: Include opening and closing contract fees, along with periodic funding fees in some perpetual contracts.

Discounts: Fees can be reduced by upgrading to a VIP level or by increasing monthly trading volume.