Binance is one of the most popular cryptocurrency exchanges in the world.
With a trading fee of 0.10%, Binance is one of the few exchanges where users can enjoy very low trading fees.
If you regularly trade cryptocurrencies on Binance, you will pay large sums of money in trading fees in the long term.
But, in just two steps, you can get a 45% Binance fee discount and enjoy much lower trading fees on Binance.
How to reduce Binance fees
As a user trading cryptocurrencies on Binance, you can save significant amounts of money in the long run by reducing Binance fees further.
If you don’t have a Binance account yet and plan to open one, you can open your Binance account with a 20% fee discount by following the steps here.
Current Binance trading fees can be seen in the table below:
| 30d Trade Volume (BUSD) &/or BNB Balance | Maker | Taker |
| < 1,000,000 BUSD or ≥ 0 BNB | 0.10% | 0.10% |
| ≥ 1,000,000 BUSD & ≥ 25 BNB | 0.09% | 0.10% |
By following the two steps below, you can reduce Binance’s trading fee to 0.06% and even below.
Step 1: Open your Binance account with a 20% fee discount
You should first open a Binance account by clicking this link or the button below to get a 20% fee discount.
You can also directly enter the code ”WRYOO8BZ” in the referral ID field when opening your Binance account on mobile or the website and receive a 20% fee discount.
If you already have a Binance account, you can enable the option to use BNB to pay for fees and receive a 25% fee discount.
You should always have some BNB in your account, otherwise fees can’t be deducted from your BNB balance when you make a trade.
Besides, if you already have a Binance account, you can enter the code ”10indirim” when opening your Futures account on Binance and receive a 10% fee discount on futures fees.
If you open your Binance account using the referral ID ”WRYOO8BZ”, you don’t need to enter any code later when opening your Futures account on Binance.
You will automatically receive a 10% fee discount on futures trading fees in addition to a 20% fee discount on spot trading fees.
To open a Binance account with a 20% fee discount, simply click the button below or use the referral ID ”WRYOO8BZ”.
Every time you trade on Binance, 20% of the trading fees you pay will be constantly sent back to your wallet, which you can check out in the referral page.
By opening a Binance account with a 20% fee discount, your new fee structure will look like this:
| 30d Trade Volume (BUSD) &/or BNB Balance | Maker | Taker |
| < 1,000,000 BUSD or ≥ 0 BNB | 0.08% | 0.08% |
| ≥ 1,000,000 BUSD & ≥ 25 BNB | 0.072% | 0.08% |
Now you will be charged a 0.08% trading fee and even much lower (0.072%) depending on your trading volume.
Also, note that you will be first charged a fee of 0.10% and then receive a 20% fee kickback. So the effective fee will be 0.08%.
But don’t settle for less, it is possible to reduce Binance fees even further.
Step 2: Hold BNB in your Binance account
After opening your Binance account, you need to hold some BNB in your Binance account to receive a further trading fee discount.
How much BNB do you need for fees?
Well, it depends on your trading volume. There is no minimum amount of BNB that you should hold to receive a 25% fee discount.
But, if you run out of your BNB balance as you make trades, the fee will be deducted from the coin you trade instead and you will not receive a 25% fee discount.
Let’s say you make a $1000 worth of trade each day and your monthly trading volume is $30,000. Then you pay $22,5 USD in fees in a month (30,000/100*0.075).
As you will also get trading fee kickbacks (20%), your actual trading fee will be 0.06% instead of 0.075%.
So, for a $30,000 worth of trading (buy & sell orders) in a month, you need $22,5 worth of BNB in your wallet to pay for fees using BNB.
As you hold BNB on your Binance account, when you trade cryptocurrencies, BNB token will be charged as fee automatically. In this way, you will get an extra 25% fee discount.
Make sure the option to pay fees in BNB is enabled on your Binance dashboard. It may be enabled by default, but you should still check it.
Also, note that you will pay a much lower fee than 0.075% as you’ve opened your Binance account with a 20% fee discount.
With these two Binance fee discounts (20% + 25%), your new fee structure will be:
| 30d Trade Volume (BUSD) &/or BNB Balance | Maker | Taker |
| < 1,000,000 BUSD or ≥ 0 BNB | 0.06% | 0.06% |
| ≥ 1,000,000 BUSD & ≥ 25 BNB | 0.054% | 0.06% |
In these two easy steps, you can lower Binance trading fee to 0.06% and 0.054%, and make significant gains as a trader by paying much lower fees on Binance.
To learn how to use and deposit money into Binance, you can refer to our Binance tutorial.
If you want to trade Bitcoin and altcoins with up to 125x leverage on Binance, you can check out our Binance Futures tutorial.
