#CryptoFees101 #CryptoFees101

Understanding Fees on Binance & How to Save! 💸

Crypto fees can be confusing, but they don’t have to be! Here’s a quick breakdown of common fees on Binance and tips to minimize them.

1. Trading Fees

- Maker vs. Taker:

- Maker (adds liquidity): Lower fee (e.g., 0.1% on Binance Spot).

- Taker (removes liquidity): Slightly higher fee (e.g., 0.1% or more).

- Discounts: Use BNB to pay fees & save 25% (Spot & Futures).

2. Withdrawal Fees

- Fixed fees vary by crypto (e.g., Bitcoin has a higher fee than XRP).

- Pro Tip: Check Binance’s fee page before withdrawing!

3. Deposit Fees

- Usually FREE for crypto, but watch out for network fees.

- Fiat deposits may have bank/processing fees.

4. Futures & Margin Fees

- Funding Rate (for perpetual contracts): Paid every few hours—can be positive or negative.

- Interest (Margin Trading): Borrowing funds has a small hourly fee.