Binance is one of the world’s largest cryptocurrency exchanges, known for its user-friendly interface, extensive selection of spot trading pairs, robust P2P/C2C system, and its native BSC blockchain that supports multiple network deposits and withdrawals.
Binance Trading Fees: 0.1% of Transaction Value
Binance fees are relatively low. Without using their native token BNB for fee payments, each trade incurs a standard 0.1% transaction fee.
How Binance Fees Are Calculated
The fee calculation is straightforward but depends on whether you’re the buyer or seller:
– Buying crypto: The 0.1% fee is deducted from the purchased cryptocurrency.
– Selling crypto: The fee is charged in the trading currency (e.g., USDT, USDC, BUSD).
Fee Calculation Examples
Buyer Scenario
Order: Purchase 1 ETH at 1,600 USDT
Fee = 1 ETH × 0.1% = 0.001 ETH
Seller Scenario
Order: Sell 1 ETH at 1,600 USDT
Fee = (1 ETH × 1,600 USDT) × 0.1% = 1.6 USDT
Binance Fee Discount Tiers
Binance offers reduced fees based on 30-day trading volume (BUSD) and BNB holdings.
| Tier | 30-Day Volume (BUSD) | BNB Holding | Maker/Taker Fee | Fee w/ BNB 25% Discount |
|---|---|---|---|---|
| Regular | <1M | ≥0 BNB | 0.1000%/0.1000% | 0.0750%/0.0750% |
| VIP 1 | ≥1M | ≥25 BNB | 0.0900%/0.1000% | 0.0675%/0.0750% |
| VIP 2 | ≥5M | ≥100 BNB | 0.0800%/0.1000% | 0.0600%/0.0750% |
| VIP 3–9 | Higher thresholds | Higher BNB | As low as 0.02% | As low as 0.015% |
👉 Maximize savings with BNB discounts
Credit/Debit Card Purchases: High Fees Apply
While Binance allows card purchases in most regions (including Taiwan), fees range from 1.5% to 5%, depending on the card issuer.
Zero-Fee Option: P2P/C2C Trading
Binance’s peer-to-peer (P2P) platform charges no fees for buying/selling stablecoins like USDT. Users can convert these to other cryptocurrencies later.
👉 Explore P2P trading strategies
FAQ
1. Does Binance charge fees for deposits?
No, Binance doesn’t charge deposit fees, but network fees may apply.
2. How to reduce Binance trading fees?
Hold BNB to activate a 25% fee discount or achieve higher VIP tiers.
3. Are withdrawal fees fixed?
No, they vary by cryptocurrency and network congestion.
4. Is P2P trading safer than card purchases?
Yes, P2P avoids card processing fees and offers escrow protection.
5. Do market makers pay lower fees?
Yes, makers often enjoy discounted rates (e.g., 0.02% vs. 0.04% for takers).
6. Can I avoid fees entirely?
Only through fee-free promotions or P2P transactions.
For deeper insights, check Binance’s official fee schedule and tier benefits.