Binance is one of the most popular cryptocurrency exchanges in the world. With a trading fee of 0.1%, 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 fee in the long term.
But, in just two steps, you can get a ~35% Binance fee discount and enjoy much lower trading fees on Binance.
How to reduce Binance fees by ~35%?
If you trade cryptocurrencies on Binance, you can save significant amount of money in the long run by decreasing Binance fees further.
Current Binance trading fees can be seen in the table below. By following the two steps below, you can reduce your trading fee to 0.0675%.
| 30d Trade Volume (BTC) &/or BNB Balance | Maker | Taker |
| < 50 BTC or ≥ 0 BNB | 0.10% | 0.10% |
| ≥ 50 BTC & ≥ 50 BNB | 0.09% | 0.10% |
Step 1: Open your Binance account with a 10% fee discount
You should first open a Binance account by clicking this link or the button below to get a 10% fee discount.
If you already have a Binance account, you can create a new one to pay much lower trading fees with a fee discount.
And, don’t worry, you can transfer your cryptocurrencies from your old account to the new one without paying any transaction fees. Binance does not charge transaction fees for transactions made between Binance accounts.
Every time you trade on Binance, 10% of the trading fees you pay will be constantly sent back to your wallet in your new account, which you can check out in the referral page.
By creating a new Binance account and getting a 10% fee discount, your new fee structure will look like this:
| 30d Trade Volume (BTC) &/or BNB Balance | Maker | Taker |
| < 50 BTC or ≥ 0 BNB | 0.090% | 0.090% |
| ≥ 50 BTC & ≥ 50 BNB | 0.081% | 0.090% |
Now you will be charged a 0.09% trading fee and even much lower (0.081%) depending on your trading volume. 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 Binance Coin (BNB) in your Binance account to receive further trading fee discount.
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 is enabled by default, but you can still check it out.
Also, note that you will pay a much lower fee than 0.075% as you’ve opened your Binance account with a fee discount.
With these two Binance fee discounts (10% + 25%), your new fee structure will be:
| 30d Trade Volume (BTC) &/or BNB Balance | Maker | Taker |
| < 50 BTC or ≥ 0 BNB | 0.0675% | 0.0675% |
| ≥ 50 BTC & ≥ 50 BNB | 0.0607% | 0.0675% |
In these two easy steps, you can lower Binance trading fee to 0.0675%, and make significant gains as a trader by paying much lower fees on Binance.
To learn how to use Binance and deposit fiat currencies into your account, 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.
