Understanding Trading Fees on the Binance Platform

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

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

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

Futures Fees: Include fees for opening and closing contracts, along with a funding fee for some perpetual contracts.

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