The bottom line: For regular Binance users, spot fees are 0.1%, USDS-M futures are Maker 0.02% / Taker 0.05%, and withdrawal fees vary by coin and network. If you enable BNB fee deductions, your spot fee is discounted by 25% (making it 0.075%). Earn products charge almost no fees. When you need to log in to check your own rates, access it from the official Binance website; Android APP users should use the Binance official APP, and Apple users can refer to the iOS installation tutorial to download it.
Many beginners start trading without calculating fees, only to discover they've paid thousands in fees by the end of the month. This article systematically breaks down all Binance fee items.
Spot Trading Fees
Regular Users
| Tier Condition | Maker | Taker |
|---|---|---|
| 30-Day Volume < 1M USDT | 0.1% | 0.1% |
| BNB Balance < 25 | 0.1% | 0.1% |
Enable BNB deduction (turn on in "Account → Preferences"):
- Effective rate is 0.075% (25% off)
VIP Tiers
| VIP Tier | 30-Day Volume (USDT) | BNB Balance | Maker | Taker |
|---|---|---|---|---|
| VIP 1 | ≥ 1 Million | ≥ 25 | 0.09% | 0.1% |
| VIP 2 | ≥ 5 Million | ≥ 100 | 0.08% | 0.1% |
| VIP 3 | ≥ 20 Million | ≥ 250 | 0.075% | 0.075% |
| VIP 5 | ≥ 100 Million | ≥ 500 | 0.05% | 0.06% |
| VIP 7 | ≥ 750 Million | ≥ 1,750 | 0.03% | 0.04% |
| VIP 9 | ≥ 4 Billion | ≥ 5,500 | 0.02% | 0.04% |
Difference Between Maker / Taker
- Maker: Placing a limit order that waits on the order book, providing liquidity to the market, resulting in a lower fee.
- Taker: Eating someone else's order to execute immediately, consuming liquidity, resulting in a higher fee.
Beginners getting used to placing limit orders (Maker) can save a lot on fees.
Example of Actual Costs
Buying BTC with 10,000 USDT:
| User Type | Fee |
|---|---|
| Regular User | 10 USDT |
| Regular User + BNB Deduction | 7.5 USDT |
| VIP 3 | 7.5 USDT |
| VIP 5 | 5-6 USDT |
| VIP 9 | 2-4 USDT |
A round trip (10,000 USDT in + out) doubles this cost. For frequent traders, it's very common for annual fees to consume 2-5% of their assets.
USDS-M Futures Fees
| VIP Tier | Maker | Taker |
|---|---|---|
| Regular | 0.02% | 0.05% |
| VIP 1 | 0.016% | 0.04% |
| VIP 3 | 0.014% | 0.035% |
| VIP 5 | 0.012% | 0.032% |
| VIP 9 | 0% | 0.017% |
Futures fee rates are much lower than spot. However:
- After applying leverage, actual fees are calculated based on the notional principal (10x leverage = paying 10x the fee rate).
- For users who frequently open and close positions, fees accumulate at a staggering pace.
Funding Rates
Futures also have "Funding Rates"—paid between longs and shorts:
- Charged once every 8 hours (3 times a day).
- Usually ranges from ±0.01% to ±0.1%.
- In extreme market conditions, it can reach ±1%+.
For a futures user holding a long-term position, annualized funding rates can be as high as 10-30%.
Options Fees
Binance Options charge a percentage of the premium:
- Maker: 0.02%
- Taker: 0.02%
- Minimum fee rate: 0.001 USDT
Options are highly professional, and beginners are not advised to touch them.
Withdrawal Fees
Withdrawals are charged differently based on the coin and network:
| Coin | Network | Fee |
|---|---|---|
| USDT | TRC-20 | 1 USDT |
| USDT | ERC-20 | 5-30 USDT (fluctuates with ETH network fees) |
| USDT | BEP-20 | 0.3 USDT |
| USDT | OPTIMISM | 1 USDT |
| BTC | Bitcoin | 0.0002-0.0005 BTC (~$15-40) |
| BTC | BEP-20 | 0.0000005 BTC (~$0.04) |
| ETH | ERC-20 | 0.001-0.003 ETH (~$3-10) |
| ETH | BEP-20 | 0.0001 ETH (~$0.3) |
| BNB | BEP-20 | 0.0005 BNB |
| SOL | Solana | 0.0008 SOL |
Strong Recommendations:
- For USDT withdrawals, prioritize TRC-20 (1 USDT is the cheapest).
- For large BTC amounts, use the mainnet (secure); for small amounts, use BEP-20 (cheap).
- For ETH, use BEP-20 / OPTIMISM to save on fees.
Fees Fluctuate with Network Congestion
Withdrawal fees for networks like ERC-20 fluctuate with gas prices:
- Normal times: 5-10 USDT
- Congested times: 20-40 USDT
- Extreme times: 100+ USDT
Avoiding ETH network congestion periods can save you a significant amount.
Earn Products Fees
| Product | Subscription Fee | Redemption Fee |
|---|---|---|
| Simple Earn Flexible | Free | Free |
| Simple Earn Locked | Free | Free (early redemption forfeits interest) |
| Launchpool | Free | Free |
| BNB Vault | Free | Free |
| Dual Investment | Free | Free (cannot be redeemed early) |
| Auto-Invest | Spot fee rate | Free |
| ETH Staking | Free | Free |
Earn products are almost entirely free—this is Binance's key product matrix to attract retail users.
Fiat / P2P Fees
P2P Trading:
- Buy: Completely Free
- Sell: Completely Free
Binance does not charge P2P fees, allowing users and counterparties to trade directly.
Bank Card / Credit Card Deposits:
- Visa / Mastercard: 1.8-3% channel fee
- Apple Pay / Google Pay: 1-3%
- SEPA (Eurozone): Free or extremely low
- Bank Wire Transfer: Fixed $5-15
For users in mainland China, P2P is the only fee-free fiat deposit method.
Margin Trading Fees
Binance Margin Trading (not futures) involves two types of fees:
Borrowing Interest
Accrued hourly:
- USDT borrow interest: 0.0006-0.002% / hour (~5-18% annualized)
- BTC borrow interest: 0.0003-0.001% / hour
- Different coins have different rates; higher demand means higher rates.
Trading Fees
Same as spot (0.1%), or 0.075% with BNB deduction enabled.
The true cost of margin trading = Borrowing interest + Trading fees—if holding a position long-term, borrowing interest may far exceed trading fees.
How to Save on Fees
Method 1: Enable BNB Deduction
Get a 25% discount, the simplest way to save money. Enable it permanently.
Method 2: Try to Use Limit Orders
Maker fees are 10-50% lower than Taker fees. Only use market orders when you urgently need an immediate execution.
Method 3: Reach VIP Status
A 30-day trading volume over 1M USDT + holding 25 BNB gets you to VIP 1. Worth planning for heavy users.
Method 4: Choose the Right Withdrawal Network
Using TRC-20 instead of ERC-20 for USDT withdrawals saves 4-29 USDT per transaction.
Method 5: Batch Operations
Consolidate small-amount operations. Multiple small withdrawals result in a higher fee percentage than one large withdrawal.
Method 6: Use Low Leverage + Long Holds in Futures
True cost of futures = Fee × Leverage + Funding Rate. Using 1-3x leverage + holding for 2-7 days is much cheaper than 100x leverage + frequent opening/closing.
Method 7: Choose the Right Promotional Periods
Binance frequently runs "Zero-Fee Trading Pair" promotions—where popular trading pairs like BTC or ETH temporarily have no fees. Keep an eye on announcements to seize the opportunity.
Special Note for Mainland China Users
P2P deposits/withdrawals have no fees themselves, but have "hidden costs":
- Quote spread: Buy price is 0.5-2% lower than sell price
- Bank card freezing risk: Loss = Funds × Probability (~1-5%)
- Time cost: Waiting for merchant confirmation
The overall hidden cost is about 1-3%, which is more expensive than it looks.
FAQ
Q: Are fees deducted automatically or do I pay them manually? Automatically deducted. It is instantly taken from your account for every transaction, no manual operation required. If BNB deduction is on, it prioritizes BNB.
Q: Do small trades also incur fees? Yes. Binance has no "fee-free small amounts" concept. The minimum trade amount is 5-10 USDT, but the fee rate is still proportional.
Q: Do I lose out using BNB deduction? No. The deduction is calculated at the current market price, equivalent to a 0.075% fee. Since BNB historically appreciates, paying fees in BNB is often more cost-effective long-term than paying in USDT.
Q: Are there deposit fees? Depositing to Binance is completely free—you only pay the withdrawal fee from the source platform or wallet.
Q: Can I get a discount on large withdrawals? Top-tier VIP 9 users have "white-glove" service—an account manager helps handle large withdrawals, sometimes waiving on-chain fees in certain cases. Regular users don't get this.
Q: Can fees be paid in other cryptocurrencies? Only in BNB (if deduction is enabled). Other coins can only be paid in cash for the current trading coin—for example, if trading USDT/BTC, fees are deducted in USDT or BTC.
Q: Is Earn redemption really fee-free? Yes. Simple Earn Flexible / Locked redemptions charge no fees. Early redemption of Locked Earn will deduct accrued interest (which is a loss of yield, not a fee).
Q: Is cross-platform arbitrage cost-effective with fees? You must calculate the total cost:
- Withdrawal fee (1-30 USDT)
- On-chain Gas
- Target exchange fees
- Time-lag risk The spread must be at least 0.5%+ to be profitable—which is usually very hard.
Summary
Binance's fee system is tiered by user type and transaction type. Regular users pay 0.1% for spot (0.075% with BNB deduction), 0.02% for futures Maker, and varying withdrawal fees based on network. Earn products are almost completely free. The core to saving money: Enable BNB deduction + place limit orders + choose TRC-20 for withdrawals + accumulate trading volume long-term to increase VIP tier. For heavy traders, the VIP tier makes a huge difference—a VIP 9 spot fee is 0.02%, which is 80% lower than regular users. Beginners should start with the BNB deduction + limit order combo; a monthly fee taking up < 0.5% of assets is a reasonable level.