#CryptoFees101 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.
5. How to Reduce Fees?
✅ Trade more (higher VIP levels = lower fees).
✅ Hold & pay fees with BNB.
✅ Use Limit Orders (Maker fees are cheaper!).
✅ Choose low-fee networks (e.g., BSC for withdrawals).
