How much does Binance charge per trade?

Binance charges 0.1% per trade at VIP 0 level. With referral code TRADEOFF20, this drops to 0.08%. With BNB payment, it drops further to approximately 0.06%.

Is there a fee to deposit crypto on Binance?

No, Binance does not charge any deposit fees. The blockchain network may charge a gas fee depending on the coin.

Can I add the referral code after I already signed up?

Unfortunately, referral codes can only be entered during account registration. You may need to create a new account with the code TRADEOFF20.

What is the cheapest way to withdraw from Binance?

Use the BNB Smart Chain (BEP20) or Polygon network. These typically charge much lower fees than Ethereum (ERC20).

Do I need to buy a lot of BNB to get the fee discount?

No, you only need a small amount of BNB to cover your trading fees. Binance will automatically use BNB to pay fees if you enable it.

Are Binance fees higher for small trades?

No, Binance uses a percentage-based fee (0.1%), so it scales proportionally. There is no minimum fee penalty for small trades.

Beginner Guide6 min read

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.

0.1%

Base Trading Fee

20%

Off with TRADEOFF20

40%+

Max Savings

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

Varies

Charged when you send crypto out of Binance to an external wallet. Fee varies by coin and network.

Deposit Fees

FREE

Binance does not charge any fees for depositing crypto. Sending crypto to your Binance wallet is completely free.

Conversion Fees

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% more

BNB 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 VIP

Instead 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:

Trade Amount

$500

Standard Fee (0.1%)

$0.50

With TRADEOFF20 (0.08%)

$0.40

TRADEOFF20 + BNB (0.06%)

$0.30

You save per trade

$0.20

on a $500 trade

Common Beginner Mistakes

Avoid these common mistakes that cost beginners money:

Mistake #1

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.

Mistake #2

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.

Mistake #3

Always Using Market Orders

Market orders fill instantly but cost more. Learn to use limit orders to save on fees and get better prices.

Mistake #4

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.

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Binance Fee Guide for Beginners

What Are Trading Fees?

Simple Example

Types of Fees on Binance

Trading Fees

Withdrawal Fees

Deposit Fees

Conversion Fees

Understanding Maker vs Taker

Maker

Taker

How to Save on Fees (3 Simple Steps)

Use Referral Code TRADEOFF20 When Signing Up

Buy BNB and Enable "Pay Fees with BNB"

Use Limit Orders When Possible

Simple Fee Calculator

Common Beginner Mistakes

Not Using a Referral Code

Not Enabling BNB Fee Payment

Always Using Market Orders

Choosing Expensive Withdrawal Networks

Key Takeaways

Frequently Asked Questions

Start Trading with Lower Fees

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