Binance Fees

Binance Fees

Binance, without a doubt, is one of the most trusted exchange platforms available in the global market, with publically available proof-of-reserves. Apart from its trustworthiness and multitudes of crypto trading pairs, the platform also offers the lowest trading fee for both spot and derivatives trading.

In this article, we’ll cover an in-depth overview of Binance trading fees for different trading options. So, if you are interested in learning more about the fee structure of the exchange, stick with us, and read this article until the end.

Deposit & Withdrawal Fees

Binance has zero deposit fees no matter what cryptocurrency you want to deposit, including Bitcoin to Ethereum, Dogecoin, 1Inch, UNI, CAKE, Aptos, and more. However, for withdrawal, Binance has a complicated fee structure, and it varies from network to network and even coin to coin.

For each withdrawal, there are two fees that a user must pay in order to move their funds out of the exchange. One is Flat Fee, and the other is Blockchain Fee. The flat fee on each transaction remains the same; however, due to network conjunction, the blockchain validation fee can vary.

Keep in mind both flat and blockchain fees are merged into a single fee, known as Withdrawal Fee.

In addition to the withdrawal fee, there is also a minimum limit for withdrawal, which varies depending on the currency you are withdrawing. However, there are no restrictions on the amount deposited. Users are free to deposit as little as $10 into their Binance account. (Learn how to deposit on Binance and how to withdraw from Binance.)

Below, we have listed the Binance withdrawal fee structure for the Top #5 crypto assets to give you an overview of how it works.

Since 2021, Coin Labs have been assigned a fee discount code from Binance. Thus, if you sign up for Binance through Coin Labs, you can benefit from the fee discount and participate in the bonus event earning up to $500.

Top #5 Token Withdrawal Fee Structure on Binance

Note: In the above table, we have broken down the limit and fee structure for each network, respectively.

Spot & Derivatives Fees

Many Binancians don’t actually know, but Binance trading fees vary from trading pairs to your account trading level and even what coins you are using to cover your fee expenses for both spot and derivatives trading. Let’s have a look at the fee structure for Spot Trading and Future one by one.

Spot Trading Fees

For spot traders who want to trade BTC, Binance is highly recommended because it offers zero trading fees for BTC/TUSD pairs in the spot section. However, for Altcoins and other BTC pairs, there are some minimal trading fees that vary depending on your account trading volume.

The exchange has broken down spot trading fees into 5 different levels. Although Binance has, in total, 10 different account levels, including Regular Level, the fee structure benefits are similar from levels 5 to 10.

1. Regular Users Fee
   • Regular Users is the first level — also known as the basic account level — where the maker and taker fee is 0.1% flat. But, if you use BNB to cover your fee expenses, you can get a 25% discount; instead of paying 0.1%, traders will then pay 0.075%.
2. VIP 1
   • VIP 1 is the second level, and it has some requirements. In order to get this level, traders must have more than 25BNB in their account, or more than $1,000,000 BUSD in trading volume. Second-level users are required to pay a 0.09% maker fee and a taker fee of 0.1% for spot trading. If you are using BNB to cover expenses, then the fee will go down to 0.0675% for makers, and 0.0750% for takers, in spot trading.
3. VIP 2
   • VIP 2 is the third level, and in order to get this level, traders must have 100 BNB on their balance sheet, or more than 5,000,000 BUSD in trading volume. With this level, users can enjoy a 0.08% flat fee as a maker, while the taker fee remains the same at 0.1%. With a BNB discount, traders can enjoy a discount of up to 0.06% for makers and 0.075% for takers.
4. VIP 3
   • On this level, users are required to have 250 BNB on their balance sheet, or more than 20,000,000 BUSD in trading volume on the spot. Here, the taker’s fee is 0.07%, without a BNB discount, and the maker’s fee remains the same as it was for previous levels. However, with the BNB discount, fees go down to 0.0525% for makers and 0.075% for takers.
5. VIP 4
   • VIP 4 is the fifth account level, where users can enjoy trading fees as low as 0.015% for makers and 0.030% for takers. The minimum requirement for Binancians to achieve this level is 500 BNB, or 100,000,000 BUSD, in trading volume.

Futures Trading Fees

The future fee structure of the platform is pretty much similar to spot trading. Binance is actually known for having the lowest trading fees in future trading, especially with BUSD pairs. For regular users, the futures trading fee on the exchange is as low as 0.012% for makers and 0.030% for takers. If BNB is used as an asset to cover fees, users can get their BUSD trading pair fee discounted to almost 0.0108% for makers and 0.027% for takers.

Keep in mind this fee structure is for regular users and doesn’t require any minimum trading volume or BNB holdings. Level 5 users can enjoy up to -0.010% fee discounts as a maker, while the taker’s fee for level 5 is as low as 0.0207%. The minimum requirements for level 5 are similar to spot.

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NFT Fees

Binance has no fee for NFTs listing on auction, except the gas fee that a user must pay, which goes to the network to reward miners/stakers and more. However, when it comes to selling NFTs on Binance, there is a flat fee of 1% that will be applied to the sale price of each specific NFT.

In addition to this flat fee, there is also a royalty fee that varies from 0 to 10% and can be checked on each NFT detail page. This fee goes directly to the original creator of the NFT to support his/her efforts.

Leverage Tokens Fees

Binance Leverage Tokens, also known as BLVT, are derivative products (assets) available in the spot market that allow investors to take leverage trades in different cryptocurrencies without worrying about the liquidation risk.

One of the prime examples of Leverage tokens is BTCUP and BTCDown. When the price of Bitcoin goes up, you can gain profit by taking trades in BTCUP and vice versa. As leveraged tokens are listed in the Binance spot trading section, a similar fee pattern also applies to these BLVT derivatives. However, there is a flat fee of 0.1% charged for each subscription and redemption of leveraged tokens.

Margin Borrow Interest

Margin borrow interest rates on Binance vary depending upon the asset you are borrowing and what level of account you have. For more information about the margin and borrow-interest rates for each specific cryptocurrency, you can visit the official website Margin Fee Page.

Binance Fees Discount

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