Trading on Binance, one of the largest and most popular cryptocurrency exchanges on the planet, presents an unlimited array of opportunities. Nonetheless, if you happen to’re not careful, trading charges can slowly eat into your profits over time. Whether you’re an informal investor or an active trader, learning how to decrease Binance trading fees can assist you maximize your returns. Here are some practical tips and tricks to reduce these charges and keep more of your earnings.
1. Use BNB to Pay for Fees
One of the simplest and most effective ways to reduce your trading fees on Binance is through the use of Binance Coin (BNB) to pay them. Binance provides a 25% low cost if you use BNB for spot trading fees. This option could be easily enabled in your account settings.
To do this:
Go to your Binance dashboard.
Click on your profile icon.
Enable the option: “Use BNB to pay fees.”
Make positive you always have a small amount of BNB in your wallet to cover fees. It’s one of many easiest ways to save cash without altering your trading behavior.
2. Improve Your VIP Level
Binance operates on a tiered VIP level system. The more you trade, the higher your level and the lower your trading fees. There are 9 VIP levels, each with its own requirements for 30-day trading quantity and BNB balance.
For instance:
VIP 0 (default) pays 0.1% for both maker and taker fees.
VIP 1 traders enjoy 0.09% maker and 0.1% taker fees.
Higher levels enjoy even higher rates, together with discounts on futures trading.
In the event you’re a frequent trader, monitor your trading volume and BNB balance to move up the VIP ladder and unlock lower fees.
3. Choose Maker Orders When Potential
Binance distinguishes between maker and taker orders. A maker order adds liquidity to the market (limit orders that aren’t immediately filled), while a taker order removes liquidity (market orders or limit orders that fill immediately).
Maker charges are generally lower than taker fees.
In case you’re not in a rush to enter or exit a trade, consider using limit orders to act as a market maker. This small change in strategy may end up in lower total trading costs.
4. Trade on Binance Futures for Lower Charges
When you’re an skilled trader and understand the risks, Binance Futures gives even lower trading fees than spot trading.
Futures charges start at:
Maker: 0.02%
Taker: 0.04%
By utilizing BNB or moving up the VIP levels, you may get additional discounts. Just keep in mind that futures trading includes leverage and higher risks.
5. Watch for Promotions and Payment Discounts
Binance usually runs promotional campaigns, resembling trading competitions, zero-charge trading for selected pairs, or momentary charge reductions for new tokens or trading pairs.
Keep up to date by:
Checking the Binance announcements page.
Subscribing to the Binance newsletter.
Following Binance on social media.
These non permanent promotions can provide significant savings if you align your trades with them.
6. Keep away from Frequent Small Trades
Each trade incurs a fee, so making a number of small trades can quickly add up. Consider consolidating your trades when possible, or utilizing strategies that reduce the number of entries and exits. Planning your trades in advance can help you keep away from overtrading and paying pointless fees.
Reducing trading fees on Binance doesn’t require complex strategies—just a couple of smart adjustments. Use BNB, goal for maker orders, level up your VIP standing, and keep an eye on promotions. Over time, these small savings can compound and make a big distinction in your overall trading performance.
Whether or not you are just getting started or already deep into crypto trading, optimizing for lower fees is a smart move that keeps more profits in your pocket.
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