Binance Fee Guide for Beginners
New to Binance? This simple guide explains exactly how fees work, what you pay, and how to save up to 40% on every trade. No jargon, no confusion — just clear answers.
Start with 20% Lower Fees
Use code TRADEOFF20 when you register on Binance
What Are Trading Fees?
When you buy or sell crypto on Binance, the exchange charges a small fee for processing your trade. Think of it like a service charge — it is how Binance makes money for providing the platform.
The standard trading fee on Binance is 0.1% of your trade amount. That means for every $100 you trade, you pay just $0.10 in fees. This is one of the lowest fees in the entire crypto industry.
To put this in perspective: many traditional stock brokers charge $5-10 per trade, and some crypto exchanges charge 0.5% or more. Binance's 0.1% fee is extremely competitive.
Simple Example
You buy $100 of Bitcoin → Fee: $0.10
You buy $1,000 of Ethereum → Fee: $1.00
You sell $500 of Solana → Fee: $0.50
Types of Fees on Binance
Binance has a few different types of fees. Here is a simple breakdown of each one:
Trading Fees
0.1%Charged every time you buy or sell crypto. Standard rate is 0.1% per trade for both maker and taker at VIP 0.
Withdrawal Fees
VariesCharged when you send crypto out of Binance to an external wallet. Fee varies by coin and network.
Deposit Fees
FREEBinance does not charge any fees for depositing crypto. Sending crypto to your Binance wallet is completely free.
Conversion Fees
0%Using Binance Convert to swap between coins has no explicit fee — but the rate includes a small spread.
Understanding Maker vs Taker
You might see the words "Maker" and "Taker" on Binance. Do not worry — they are simpler than they sound:
Maker
You place a limit order and WAIT for it to be filled. You are "making" liquidity for the market.
Analogy: Like setting your own price at a garage sale and waiting for a buyer.
Taker
You place a market order and get filled INSTANTLY. You are "taking" liquidity from the market.
Analogy: Like buying something at the listed store price — instant, no negotiation.
| Order Type | Fee (VIP 0) | Speed |
|---|---|---|
| Maker (Limit Order) | 0.1% | Waits for match |
| Taker (Market Order) | 0.1% | Instant fill |
At VIP 0 (default level), both maker and taker fees are 0.1%. The difference becomes important at higher VIP levels where maker fees are lower.
How to Save on Fees (3 Simple Steps)
Follow these three steps to pay the lowest possible fees on Binance. Each step stacks on top of the previous one for maximum savings.
Use Referral Code TRADEOFF20 When Signing Up
Saves 20%When you create your Binance account, enter the referral code TRADEOFF20 during registration. This permanently reduces your trading fees by 20%. It takes 5 seconds and saves you money on every single trade — forever.
Buy BNB and Enable "Pay Fees with BNB"
Saves 25% moreBNB is Binance's own cryptocurrency. If you hold some BNB and turn on "Pay fees with BNB" in settings, you get an extra 25% discount on trading fees.
Tip: Go to your Binance Dashboard → Settings → Enable "Using BNB to pay for fees"
Use Limit Orders When Possible
Lower fees at higher VIPInstead of buying at the current market price (market order), set your own price with a limit order. At higher VIP levels, maker fees are lower than taker fees. Plus, you get to choose exactly what price you buy at.
Combined Result
Total savings up to 40%+
Step 1 (20% off) + Step 2 (25% off remaining) = approximately 40% total savings on every trade
Simple Fee Calculator
Slide to see how much you pay in fees at different trade sizes:
Standard Fee (0.1%)
With TRADEOFF20 (0.08%)
TRADEOFF20 + BNB (0.06%)
You save per trade
$0.20
on a $500 trade
Common Beginner Mistakes
Avoid these common mistakes that cost beginners money:
Not Using a Referral Code
Many beginners skip the referral code during signup and miss out on a permanent 20% fee discount. Always use TRADEOFF20.
Not Enabling BNB Fee Payment
Forgetting to turn on BNB fee payment means you miss an extra 25% discount. Enable it right after signing up.
Always Using Market Orders
Market orders fill instantly but cost more. Learn to use limit orders to save on fees and get better prices.
Choosing Expensive Withdrawal Networks
Always check which network has the lowest fee. BNB Smart Chain or Polygon are usually much cheaper than Ethereum.
Key Takeaways
Binance charges a 0.1% trading fee — one of the lowest in the entire crypto industry
Use referral code TRADEOFF20 during signup to get a 20% lifetime discount on all trading fees
Enable BNB fee payment in your settings for an additional 25% savings on top of the referral discount
Crypto deposits are completely free, and withdrawals have small network fees that vary by coin
By combining TRADEOFF20 + BNB payment, your total savings can reach 40% or more on every trade
Frequently Asked Questions
Simple answers to common questions about Binance fees:
Start Trading with Lower Fees
Use referral code TRADEOFF20 to get 20% off all Binance trading fees. It takes 5 seconds and saves you money on every trade — forever.
This page contains affiliate links. We may earn a commission at no extra cost to you.
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