Binance’s fee structure might look a bit complex to beginners at first. But, it is actually very easy to understand how Binance fees work and calculate Binance fees.
Binance has a simple fee structure with fees starting from 0.1% for spot markets. There are also various other markets, products and types of trading activities you can engage in on Binance such as futures markets, leveraged tokens and margin trading.
Each comes with a different fee structure. So, if you do more than just trading on spot markets on Binance, you should know about these fees too. In this guide, I’ll give you an overview of Binance fees and show you how to calculate and reduce Binance fees.
Binance spot fees
The table below shows the percentage of trading fee you will pay when you trade on spot markets depending on your trading volume in the last 30 days:
| 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% |
| ≥ 500 BTC & ≥ 200 BNB | 0.08% | 0.10% |
Well, what do these rates exactly mean? How can you calculate the fee you will pay when you make a trade? Even though understanding and calculating Binance fees are not a big deal for most traders, it might be a bit confusing for especially beginners.
First, to calculate the fee you’ll pay, you should know your trading volume in the last 30 days, which you can check out on this page. For example, my trading volume in the spot markets in the last 30 days is below 50 BTC as you can see in the image below, so I will pay 0.10% trading fee for both maker and taker orders.
Notice that you also need at least 50 BNB in your wallet besides adequate trading volume to level up and enjoy lower trading fees.
Now let’s move on to Binance fee calculation. It’s quite simple. Let’s say you have 200 USDT in your wallet, and you will buy BTC, BNB or any other coin.
When you make a trade with 200 USDT, 0.2 USDT will be charged as a trading fee. The calculation is simple: 200/100×0.10. You should first divide your order size (total) by 100 and then multiply it by your fee rate which is 0.10% in this case.
So, if you buy Bitcoin with 200 USDT, you will basically get $199.8 worth of BTC. Luckily, you can pay much lower fees than 0.1% and you don’t need a trading volume of more than 50 BTC to do that. You can still reduce Binance fees considerably regardless of your trading volume.
How to reduce Binance spot fees?
To reduce Binance spot fees, you can open a Binance account with a 10% fee discount by clicking this link. You will pay a 0.09% trading fee instead of the standard 0.1%. You can open a new Binance account with a 10% fee discount even if you have a Binance account right now.
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.
After opening a Binance account with a 10% fee discount, to lower fees further, you should hold Binance Coin (BNB) in your wallet to pay fees in BNB and get a 25% fee discount.
When you hold BNB in your Binance account, Binance charges BNB as a trading fee when you make a trade and gives you a discount. By following these steps, you can reduce your Binance fees by approximately 35%, and 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% |
Binance Futures fees
Binance Futures consists of USDT-margined futures and coin-margined futures. And, each one has a different fee structure. Let’s first look at the USDT-margined futures trading fees:
| 30d Trade Volume (BTC) or/& BNB Balance | Maker | Taker |
| < 250 BTC or ≥ 0 BNB | 0.0200% | 0.0400% |
| ≥ 250 BTC and ≥ 50 BNB | 0.0160% | 0.0400% |
| ≥ 2500 BTC and ≥ 200 BNB | 0.0140% | 0.0350% |
| ≥ 7500 BTC and ≥ 500 BNB | 0.0120% | 0.0320% |
As you can see in the table above, users who’ve just started to trade USDT-margined pairs on Binance Futures pay 0.02% and 0.04% trading fees for their maker and taker orders respectively.
Let’s say you transferred 1,000 USDT to your USDT-M futures wallet and opened a long or short position with 5x leverage. Your order size will be 5,000 USDT and you can calculate the fee you’ll pay by dividing 5,000 by 100 and then multiplying it by 0.02 or 0.04 (5000/100×0.02)
If it is a maker order, you’ll pay a fee of 1 USDT when you open a 5,000 USDT position. If you want to pay lower, you need at least 250 BTC trading volume in the futures markets (not spot). But again, you can reduce Binance Futures fees without having such a high trading volume.
Binance COIN-margined Futures trading fees:
| 30d Trade Volume (BTC) or/& BNB Balance | Maker | Taker |
| < 250 BTC or ≥ 0 BNB | 0.0150% | 0.0400% |
| ≥ 250 BTC and ≥ 50 BNB | 0.0130% | 0.0370% |
| ≥ 2500 BTC and ≥ 200 BNB | 0.0110% | 0.0350% |
| ≥ 7500 BTC and ≥ 500 BNB | 0.0100% | 0.0300% |
Let’s say you want to trade the BTC/USD pair and open a 5 BTC position, you can calculate the trading fee you’ll pay by dividing 5 by 100 and then multiplying it by 0.0150 or 0.0400. If it is a maker order you’ll pay a trading fee of 0.00075 BTC (5/100×0.0150).
How to reduce Binance Futures fees
When you open your Futures account on Binance, you can input the code ”10indirim” and receive a 10% fee discount.
If you’ve already opened your Binance Futures account, you can still get a 10% trading fee discount. Just transfer some BNB to your USDT-M futures wallet to pay fees in BNB. By paying fees in BNB, you can get a 10% fee discount on USDT-margined futures markets.
If you’ve opened your Futures account with the code ”10indirim” and transferred BNB to your wallet, you will pay 20% lower trading fees. To learn how to trade on Binance Futures and more about fees, you can refer to our guide below:
Binance margin trading fees
If you want to engage in margin trading on Binance, you can check out the daily interest rate for each coin on this page, which also decreases as your VIP level increases. Interest is calculated on an hourly basis and you will pay interest even if you borrow coins for less than an hour.
You can calculate the interest you will pay by dividing the amount of borrowed coins by 100 and then multiplying it by the daily interest rate like A/100×0.05. This will give you the interest that needs to be paid for coins borrowed for 24 hours.
Margin trading are also subject to spot trading fees. You will pay a 0.1% trading fee for your margin trades. You can pay much lower trading fees if you’ve decreased the spot fees following the steps I mentioned above.
Binance leveraged tokens fees
Leveraged tokens maintain a leverage between 1.5x and 3x, and give traders an opportunity to make more money during price fluctuations without taking the risk of liquidation.
When you trade leveraged tokens on Binance, you will pay spot trading fees which you can check out above. But, there is more to it. You will also be charged a daily management fee and funding.
The management fee is 0.01% and is charged daily. The funding is directly exchanged between traders. When funding rate is positive longs pay shorts, when the rate is negative, the opposite happens.
