common-close-0
BYDFi
Trade wherever you are!

What are the trade fees for trading on Binance?

avatarAnurukshithDec 16, 2021 · 3 years ago3 answers

Can you please provide a detailed explanation of the trade fees associated with trading on Binance? I would like to know the different fee structures for spot trading, futures trading, and margin trading. Additionally, I'm interested in understanding if there are any discounts or promotions available for reducing the trade fees.

What are the trade fees for trading on Binance?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    Sure! When it comes to trading on Binance, there are different fee structures depending on the type of trading you are engaged in. For spot trading, the fees start at 0.1% for both makers and takers. However, if you hold BNB (Binance Coin) in your account, you can enjoy a discount on the trading fees. The discount starts at 25% and gradually decreases over the years. As for futures trading, the fees vary depending on the contract type and whether you are a maker or a taker. The fees can range from 0.02% to 0.04% for makers and 0.04% to 0.06% for takers. Lastly, for margin trading, the fees are similar to spot trading, starting at 0.1% for both makers and takers. It's important to note that these fees are subject to change, so it's always a good idea to check the Binance website for the most up-to-date information.
  • avatarDec 16, 2021 · 3 years ago
    Trade fees on Binance can be a bit complex, but I'll break it down for you. For spot trading, the fees are based on your trading volume over a 30-day period. The fees range from 0.1% to 0.02% for makers and 0.1% to 0.04% for takers. The more you trade, the lower your fees. For futures trading, the fees are based on the contract type and whether you are a maker or a taker. The fees can range from 0.02% to 0.04% for makers and 0.04% to 0.06% for takers. Margin trading fees are the same as spot trading fees. Binance also offers a VIP program that provides additional fee discounts based on your trading volume and BNB holdings. So, the more you trade and the more BNB you hold, the lower your fees will be.
  • avatarDec 16, 2021 · 3 years ago
    As a representative of BYDFi, I can provide you with the trade fees for trading on Binance. For spot trading, the fees start at 0.1% for both makers and takers. However, if you hold BNB (Binance Coin) in your account, you can enjoy a discount on the trading fees. The discount starts at 25% and gradually decreases over the years. For futures trading, the fees vary depending on the contract type and whether you are a maker or a taker. The fees can range from 0.02% to 0.04% for makers and 0.04% to 0.06% for takers. Lastly, for margin trading, the fees are similar to spot trading, starting at 0.1% for both makers and takers. It's important to note that these fees are subject to change, so it's always a good idea to check the Binance website for the most up-to-date information.