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 (Spot Trading Fees): Start at 0.1% for each buy or sell transaction, and can be reduced when using BNB to pay.

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

Leverage Trading Fees (Futures Fees): Include fees for opening and closing contracts, along with periodic funding fees in some perpetual contracts.

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