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Binance Payment Discounts: Find out how to Save More on Trades

When it comes to cryptocurrency trading, charges can quietly eat into your profits if you’re not careful. Luckily, Binance—one of the world’s largest crypto exchanges—gives a number of ways to reduce trading fees and maximize returns. Whether you’re a beginner or a seasoned trader, understanding Binance payment discounts can lead to substantial financial savings over time. Let’s break down how you can save more on every trade.

Understanding Binance’s Price Structure

Binance uses a maker-taker fee model, which varies depending in your 30-day trading quantity and whether or not you hold Binance Coin (BNB), the platform’s native token.

Makers are traders who add liquidity to the order book (e.g., putting a limit order).

Takers remove liquidity (e.g., putting a market order).

For most customers in the VIP zero tier, the standard trading price is:

0.1% for makers

0.1% for takers

However these rates may be significantly reduced with the next low cost strategies.

1. Use BNB to Pay Fees

The simplest and best way to get a price discount on Binance is through the use of BNB to pay trading fees.

Binance gives a 25% discount on spot and margin trading fees if you use BNB.

This is automatically utilized when enabled in your account settings.

BNB will also be used for futures trading charge discounts, although at a lower rate (10%).

Utilizing BNB is a no-brainer for frequent traders, and you only must keep enough BNB in your account to cover your fees.

2. Increase Your Trading Volume

Binance operates a VIP tier system that rewards high-quantity traders with lower fees.

As your 30-day trading quantity increases, you move up tiers (VIP 1 through VIP 9).

Each tier comes with lower maker and taker fees.

For instance, a VIP 1 user (with a 30-day quantity of over 1,000,000 USDT) pays only 0.09% maker and 0.1% taker fees—before any BNB discount is applied.

This system heavily favors active traders, so should you’re trading at scale, make positive you’re monitoring your volume and striving for the following tier.

3. Refer Friends and Earn Kickbacks

Binance’s referral program is another way to avoid wasting on fees.

By inviting friends to hitch Binance utilizing your referral link, you may earn a fee on their trading fees.

Depending in your referral rate, Binance may share a portion of that fee with your referred friends, giving both of you a discount.

For those who’re active in the crypto community, this is a superb way to benefit out of your network.

4. Trade on Binance Futures

Binance Futures typically offers lower fees than spot trading.

Maker charge: as low as 0.02%

Taker payment: as low as 0.04%

Additional discounts apply when paying with BNB or using VIP tiers.

When you’re comfortable with leveraged products and advanced trading, Futures could be a way to trade more efficiently and cost-effectively.

5. Look Out for Promotions and Zero-Price Pairs

Binance regularly runs limited-time promotions and zero-payment trading pairs.

For instance, trading sure stablecoins like USDC or newly launched tokens may carry no trading fees for a limited period.

These promotions could be a nice opportunity to trade at no cost—just make certain to remain up to date by way of Binance’s announcements.

Final Thoughts

Trading on Binance affords plenty of opportunities to economize through smart use of its price discount system. By enabling BNB charge payments, growing your trading quantity, joining the referral program, or taking advantage of Futures and promotions, you may significantly reduce the cost of trading.

In a market the place every proportion point counts, being strategic about trading fees can increase your profitability and enable you stay ahead. So take a moment to optimize your Binance settings—you might be stunned how a lot you may save.

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