Binance charges among the lowest fees of all the top sites for trading cryptocurrency.
We cover
- What are the different crypto trading fees?
- What is the BNB coin?
- Explanation of each trading fee
- Summary of Binance Fees
Deposit and trade to get cashback vouchers from Binance worth up to $600. Read the full terms and conditions for the Binance $600 welcome bonus.
What are the different Binance trading fees?
➤It’s essential to understand crypto trading fees!
Why
➤Because crypto trading fees will impact every trade. In the end, this will have a huge impact on your overall results.
Binance and all different crypto exchanges charge different trading fees and other fees.
A trader must understand what fees her/he pays, how often they occur, and how the exchanges charge fees.
Below, we have listed all the various fees. The deposit and withdrawal fee is not related to trading but is listed here anyway.
- Spot Trading Fee
- Margin Borrow Interest Rate
- USDT futures trading fee
- COIN futures trading fee
- Deposit and Withdrawal fee
- Cross-collateral interest rate
- Leverage token fees
What is Binance Coin BNB?
➤Binance coin, BNB, is a cryptocurrency created by the Binance exchange.
Binance Coin powers the Binance ecosystem by having multiple use cases
- Fueling transactions on the chain
- Paying for transactions fees on Binance
- Make in-store payments
- And more
In this article, we will focus on how you can utilize the Binance coin to minimize your trading fees on Binance.
How to pay Binance fees with the Binance Coin BNB?
If you pay your Binance trading fees with the Binance Coin BNB, you will get -a 25% rebate on all spot trading fees charged by Binance. As the screenshot below shows, you will also get -10% on the USD-M futures trading fees.
How to do this?
- Make sure you have a BNB balance. Otherwise, buy or trade to BNB
- Make sure to opt-in to pay the fees in BNB. See the screenshot. You find this setting by clicking on “Fees” in the footer menu under the “Support” category.
What is Binance Spot Trading Fee?
➤Binance charges fees from crypto spot trading, similar to all other crypto exchanges.
Binance uses the maker-and-taker fee structure, which is the most common.
- If you are not using BNB (Binance Coin) to pay your trading fees, each trade will carry a standard fee of 0.1%. See the screenshot below.
- Using BNB for transaction fees applies a discount to your trading fee. By default, if you hold BNB in your account, your trading fees will be automatically subtracted from your BNB balance. You can get 25% off your spot trading fees, as shown in the screenshot below. On top of that, you can receive further trading fee discounts if you refer friends.

See our article where we compare the lowest crypto spot trading fees.
Binance Referral Code: -20% on all commissions with our link
What is Binance Margin Borrow Interest rate?
Binance margin borrows interest rate is what you have to pay for leveraging margin trading.
The margin borrower interest rates depend on your VIP level and on what cryptocurrency you borrow.
For detailed information, see the screenshot below. The interest rate is charged hourly, but the information is given as daily interest rates. See the calculation formula below to convert the daily interest rate to the hourly interest rate.
Note that not all cryptocurrencies are listed in the screenshot. Also, only information for VIP level 0 is listed.
NOTE: If funds are borrowed for less than 1 hour, the interest rate will still be calculated as for assets borrowed for 1 hour.
If the daily interest rate is 0.02%, the hourly interest rate is calculated as 0.02%/24.
The calculation formula: I (interest) = P (borrowed money) * R (daily interest 0.02%/24) * T (in hours)
See our full article about what Binance margin trading is.
Compare the best crypto margin trading crypto exchanges.
What are Binance USDT futures fees?
What are Binance USDT futures fees?
Binance USDT futures fees are based on maker and taker fees, as you can see in the screenshot below.
Also, you can get 10% off the trading fees if you pay with Binance coin, BNB.
See the full article about what future trading on Binance is.
What are Binance COIN futures fees?
Binance USDT futures fees are charged when you trade the COIN futures.
The maker fees go from 0.015% to – 0.009% and taker fees range from 0.04% to 0.024%.
These trading fees can be compared to Bybit, which charges -0.025% for maker orders and 0.075% for the taker. Bybit charges a flat fee and doesn’t have VIP levels or other rebates. Read more about Bybit in our Bybit guide and review.
Binance deposit and withdrawal fee?
In general, a crypto deposit is free and Binance does not charge any fees for this.
However, there is a fee associated with withdrawals and users pay those to cover the transaction costs of moving the cryptocurrency out of their Binance account. There are so many different cryptocurrencies and different prices, so we can’t list them here but here you can see all the Binance crypto withdrawal prices.
What is the Binance VIP level?
Binance has ten different VIP levels VIP0-VIP9. What VIP level you are in depends on
- Your trading volume on the spot exchange or,
- Your trading volume on the futures exchange or,
- Your BNB holdings
The trading volume is calculated as a cumulative 30-day trading volume and the BNB holding as your average 24-hour holdings.
As you can see in the screenshot below, you can reduce your maker fees from 0.1% to 0.02% if you go from VIP0 to VIP9. This is an 80% fee reduction. Further, you can reduce your costs even more, by using our referral link. Our Binance referral link will give you 20% off all fees ever charged by Binance.
Binance Referral Code: -20% on all commissions with our link
Binance Cross Colleteral Interest fees
Below you can see what Binance charges in cross-collateral interest fees.
As you can see, the fees differ for each cryptocurrency and each VIP level.
What are the fees charged for Binance leveraged tokens?
There are several fees associated with trading Leverage Tokens on Binance.
There are 2 different ways to buy leveraged tokens, you can either buy them in the market and you will pay the spot trading fee (Default is 0.1% for maker and taker).
The other way is to subscribe and pay the subscription fee which is 0.1%.
Also, there are 2 different ways to get out from the leveraged token position. You can either sell on the market and pay the spot trading fee or you can redeem and pay the redemption fee which is 0.1%.
Also, there is management fees of 0.01% charged for maintaining the position. This is for providing the service.
A funding fee is also paid to the underlying fund based on the funding rate. This is not charged by Binance but directly between traders. This is because the leveraged tokens are leveraged products and, therefore need borrowed money.
Read more about Binance leveraged tokens.
Summary Binance Fees
Binance charges the lowest spot and crypto futures trading fees among all the top crypto trading sites.
In addition, you can get even lower prices by
- Paying your trading fees with the BNB coin.
- Signup with our referral link (-20% discount for spot trading and -10% for futures trading fees)
- Achieve higher VIP levels by increasing your trading volume or your BNB balance.
Binance.com doesn’t allow US customers; we can recommend Coinbase or Kraken for US crypto traders. Read more about Coinbase fees and Kraken as an alternative with lower prices.
Also, there is one crypto trading platform offering trading for ZERO fees. On top of this, they provide infinite liquidity. Read more about how to trade crypto for free with zero fees.