#CryptoFees101

Master the Fees on Binance and Save up to 25%

Did you know that optimizing your fees can increase your trading profits? Here I explain how fees work on Binance and how to reduce them:

📊 Key Fee Types

1️⃣ Trading Fees:

Maker: 0.1% (you create liquidity).

Taker: 0.1% (you take liquidity).

Reduce to 0.075% using BNB to pay fees (25% discount).

2️⃣ Withdrawals:

Networks with high fees: ETH (ERC-20) vs. cheaper options like BSC or Polygon.

Example: Withdrawing USDT via BSC costs $0.8 vs $15 via ERC-20.

3️⃣ Futures and Margin:

Up to 0.02%/0.04% (maker/taker) in USDⓈ-M Futures.

🎯 3 Strategies to Pay LESS

Always use BNB:

Activate the option in settings and keep BNB in your spot account.

Become a Maker:

Place limit orders (not market) to pay 0.075% instead of 0.1%.

Choose smart networks:

For withdrawals/deposits, prioritize BSC, Polygon, or Arbitrum.

⚠️ Costly Mistakes to Avoid

Trading without BNB in the account (you lose the discount).

Using expensive networks for small transactions.

Ignoring fees in scalping (they add up quickly).

📌 Real Example

If you trade $10,000 daily:

Without BNB: $10 in fees → $300/month.

With BNB: $7.5 daily → $225/month ($75 saved).

Binance Square Rewards!

Post your best tip to save on fees and earn BNB.