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Binance fees explained — the 0.1% is real, and it is the smallest of the five bills on a trade

By TradingPrimer · Published 5 Sep 2026

Most people who search for Binance fees want one number, and Binance gives them one: 0.1%. The number is honest, and it is the least interesting thing about what a trade costs there. This page is every bill we could read on Binance’s own pages on 5 Sep 2026 — trading, the BNB discount, funding, withdrawal, liquidation — turned into dollars on the $10,000 position our lessons use everywhere, plus the two places where the fee page’s silence costs a beginner money.

What does Binance actually charge on a trade?

A regular account — no VIP tier, no BNB — pays 0.10% of the trade value on spot and 0.02% maker / 0.05% taker on USDⓈ-M perpetuals, and those are the only two numbers most people ever look up. The full list is longer, because a trade on a centralised exchange is billed in several places, and the two that hurt most are not on the fee page at all.

Two mechanics decide what you actually see charged. First, a maker order rests on the book and waits (a limit order that does not fill at once); a taker order fills immediately against what is already there (every market order, and a limit order priced through the book). Our maker and taker glossary entry has the pictures. Second, on spot the fee is taken from the asset you receive: in Binance’s own worked example, buying 10 ETH costs 0.01 ETH in fee, and selling them costs 34.5255 USDC. So the BTC balance after a buy is 0.1% smaller than the amount you typed, which surprises people who planned to send an exact quantity somewhere afterwards. The Est. Fee shown on the order form is, in Binance’s words, for reference only; the real figure sits in Trade History.

What does a $10,000 round trip cost, in dollars?

A percentage is charged twice, once to get in and once to get out, so the honest unit is the round trip. On the $10,000 position our lessons use throughout:

Forty such trades a month is $9,600 a year on spot at market, $7,200 with the BNB deduction on, $4,800 on perpetuals at market and $1,920 on perpetuals by limit. Those four figures come from the same account trading the same size; the only thing that changed between them is which product and which order type. Put your own size and frequency into the fee calculator and it shows the three venues on this site side by side, with a line for what switching to limit orders saves.

Read the table once more for the number that is missing: spread. Every row above assumes you traded at the quoted price. On Binance’s BTC and ETH books that assumption is closer to true than anywhere else we cover, which is the reason the venue is first on our exchanges page; on a thin pair it is false, and the loss shows up as a worse fill rather than as a fee. The liquidity lesson measures it and the slippage calculator reads Binance’s live book to show it for your size.

Is the BNB discount worth switching on?

Yes, at exactly the size it is: $5 per $10,000 spot round trip and $1 per $10,000 perpetuals round trip at market. It is free money for a spot trader and a rounding error for a futures trader, and it comes with four conditions that Binance states plainly and most people never read.

1. You have to switch it on. The setting is called Using BNB Deduction. On the website it is the BNB/USDT toggle under Fee Level on the spot trading page, or the toggle under BNB Discount on the Fees & Transactions Overview page; in the app it is Account Center → Settings → BNB Discount → Use BNB to pay fees (labels as of 6 Feb 2026).
2. The BNB has to be in the right wallet. Spot fees are taken from BNB in your Spot Account. Futures fees are taken from BNB in your USDⓈ-M Futures Account, which means transferring some there deliberately. Binance’s FAQ says that if the BNB balance is insufficient the system deducts USDT instead and you are not entitled to the discount — no warning, the fee simply goes back to 100%.
3. The conversion is not at the exact spot rate. The fee is first calculated in the asset you receive, then converted to BNB using an average rate, which Binance says may produce a slight difference from the market price. Small, but real.
4. It does not stack with zero-fee promotions, and Binance describes the 25% rate itself as valid until further notice. It has been extended for years; it is still a promotion.

The trap is not the discount but the coin. BNB has a price of its own, and people who buy a large amount “for the fees” end up holding an altcoin position they never planned. Hold a month of fees and no more: for forty $10,000 spot round trips that is about $600 worth of BNB. A 25% saving on fees does not pay for a bad week in the coin you bought to earn it.

Why does a limit order save fees on futures but not on spot?

Because on Binance’s regular tier the spot maker rate is the taker rate, 0.10% both ways; the first tier that lowers the maker side to 0.090% needs $1,000,000 of 30-day volume and 5 BNB. On perpetuals the maker rate is 0.02% against 0.05% for takers — a 60% cut for the same trade placed patiently. On a $10,000 round trip that is $6, and it is larger than any fee gap between Binance and the other two venues on this site.

That does not make limit orders pointless on spot. A resting bid buys at the price you chose instead of the price the book offers when you click, which is where the spread lives — it just does not show up on the fee line. The order types lesson is the mechanics; the short version is that on Binance a limit order pays you in spread on spot and in both spread and fee on futures, and a market order is the habit that costs the most per year for the least reason.

Which fees does the fee page not show?

Five, and the first is the expensive one.

Liquidation clearance fee: 1.25% of the position

When a leveraged position is force-closed, Binance charges an Insurance Clearance Fee — the Trading Parameters page calls the same thing the Liquidation Clearance Fee — as a percentage of the position’s notional value, unless the position is already bankrupt. On 5 Sep 2026 that column read 1.25% for BTCUSDT and ETHUSDT, 1.50% for DASHUSDT and 2.00% for XMRUSDT. On a $10,000 position it is $125: twenty-five times a single taker fee, more than twelve market-order round trips, charged at the worst possible moment and on top of the margin the liquidation itself consumed. It is not on the fee page; it sits in the ninth column of a twelve-column table on a page most people open only to check maximum leverage. The leverage lesson shows why 100x already sits inside ordinary hourly price noise; this is the bill for finding out.

Funding: not Binance’s fee, still your cost

Perpetuals settle funding between longs and shorts every 8 hours on most contracts — 00:00, 08:00 and 16:00 UTC — and every 4 hours on some. Binance says it keeps none of it. You pay or receive only if you hold a position at the settlement moment, which is why some traders close a minute before the clock. As an illustration, a settlement at 0.01% on a $10,000 long moves $1; three of them a day is $3, thirty days is $90. Rates are higher than that in a crowded trade and negative when shorts are crowded. The funding glossary entry explains the mechanism and the funding calculator turns a printed rate into dollars for your size.

Spread and slippage

The difference between the price you saw and the price you got. No exchange lists it, because it is not a fee; on a deep book it is small, on a thin one it is the largest line on this page. Binance’s major pairs are the deepest we have measured, which is worth more to a first account than two basis points of maker rate at another venue.

Convert: no fee, its own price

Binance Convert charges no trading fee and says so; it also says, in the same FAQ, that it is common to see a different price for the same token on Binance Convert and other markets, including Binance Spot. The quoted amount is what you receive, and the cost is inside it. There is nothing wrong with that for a small first purchase; the only way to know what it cost you is to compare the quote with the spot book at the same moment, and the only way to avoid it is to use the spot book with a limit order.

Withdrawal: a flat network fee, and it varies wildly by network

Deposits are free. Withdrawals cost a flat amount that depends on the blockchain you send over, not on the size you send, and Binance warns that the numbers change with network congestion. For USDT on 5 Sep 2026:

The cheapest line is not the one to pick. Binance’s own withdrawal screen says, in capitals, do not select the cheapest fee option; select the one that is compatible with the external platform. USDT sent over BNB Smart Chain to a wallet that only understands Tron is not cheap, it is gone. The full network-by-network picture, and the two networks that share an address format, are in the Binance review under what we actually opened.

Do VIP tiers and promotions change anything for a beginner?

Not the tiers. Spot VIP 1 needs $1,000,000 of 30-day spot volume and 5 BNB, and it lowers only the maker side, to 0.090%. Futures VIP 1 needs $5,000,000 of 30-day futures volume and the same 5 BNB, for 0.018% maker. A $10,000 account doing forty spot round trips a month prints $800,000 of volume — just under the first line — and crossing it would save $1 per $10,000 maker fill. Nobody should trade more to save a dollar, and the volume thresholds rise roughly fivefold per tier from there.

The promotions are worth understanding precisely because they produce the “0%” headlines. On 5 Sep 2026 the Spot Promotions page listed FDUSD pairs (BTC/FDUSD, BNB/FDUSD, DOGE/FDUSD and a long tail running to eighteen pages) at 0% maker with the taker side at standard rates, and FDUSD/USDT at 0% both ways. Two conditions sit under that table: volume on zero-fee pairs is excluded from VIP calculations, and the BNB discount does not apply to it. On futures, a promotion that began on 2 July 2026 gives 0% maker and 0.04% taker (0.036% with BNB) on a new contract type Binance calls U-margined — BTCU and ETHU, settled in an asset named U rather than in USDT — until further notice, with standard fees returning when it ends. The fee table also showed USDC-margined perpetuals at a promotional 0% / 0.04% against their standard 0.02% / 0.05%.

Our reading: a promotion saves $2 on a $10,000 spot buy, can end the week you start relying on it, and each one nudges you into a stablecoin or a contract type you did not choose for any other reason. Pick the pair and the product first; take a promotion if it happens to be sitting on them.

How do Binance’s fees compare with OKX and Bybit?

Level on perpetuals with OKX, half a basis point below Bybit on the taker side, and two basis points above OKX on the spot maker side. In dollars:

The largest gap in that table is OKX’s spot maker rate: $4 per $10,000 limit-order round trip, which rewards exactly the habit our curriculum tries hardest to build. Bybit costs $1 more per $10,000 market-order round trip on perpetuals and, in return, has the only demo of the three that needs no deposit and no ID check; Binance has the deepest book, which on a major pair is worth more than either. The Binance vs OKX and Binance vs Bybit pages give the verdict for each kind of reader, and the exchange matcher asks five questions and picks one. For an EEA reader the comparison is shorter, because since 1 July 2026 only two of the three are available.

Put the three numbers of this page in a row and the shape is clear: the venue gap is $1–$4, the order-type gap is $6, and the liquidation gap is $125. Choosing between these exchanges on fee is the least important fee decision you will make.

Where does Binance cost you beyond the fee schedule?

In the layout. Binance puts USDⓈ-M and COIN-M futures up to 125x, margin, options, Earn products that lock coins and a launchpad one tap from the spot screen, and none of those screens tells a first-week account that it is not ready for them. Three fee-shaped consequences follow. The largest fee on this page — liquidation clearance — is reachable in two taps and documented on a page the fee schedule does not link to. The BNB discount, once on, switches itself off silently when the BNB runs out, so the fee you think you are paying and the fee you are paying diverge without a message. And the zero-fee table steers a beginner into FDUSD pairs, a stablecoin they did not choose, to save $2 on a $10,000 buy. None of these is hidden; each is simply somewhere else.

Who should skip Binance, and who should not trade yet?

Skip it if you live in the EEA, the US or the UK. Binance withdrew from the EEA on 1 July 2026 and does not serve US persons; UK rules forbid the referral arrangement. For EEA readers, OKX and Bybit are the venues on this site that serve you.

Skip it if you know you cannot walk past a 125x button. The fee for finding out is $125 per $10,000 and the position. Bybit’s demo or Binance’s own futures testnet is where that discovery should be free.

Do not open any account yet if you have not placed twenty journaled trades somewhere with nothing at stake. The fees on this page are small for a person who trades ten times a month with a plan and ruinous for a person who trades ten times a day without one, and the fee schedule cannot tell which you are. Our exchange-selection lesson works through the three questions that come before any fee table, and why two accounts beat one.

Availability differs by country and changes. The button below checks your region and, where Binance cannot serve you, shows a notice instead of a sign-up form. We would rather lose the click than send you somewhere you cannot withdraw from.

IF THESE NUMBERS ARE ACCEPTABLE TO YOU

Open the account, finish identity verification the same day, switch on two-factor authentication and the anti-phishing code before the first deposit, turn on Using BNB Deduction only with a month of fees in BNB — and place the first trades on the spot book with limit orders, at a size you can afford to lose entirely.

Open a Binance account →

Referral link — we may be paid if you sign up through it. It does not change a number above. Not available in the US, the EEA (since 1 July 2026) or the UK — the button shows a notice there instead of a sign-up form. Education only; most retail traders lose money.

What are the most common mistakes with Binance fees?

• Reading 0.1% as the whole cost. It is one of five bills, and on a leveraged account it is not the largest.
• Switching on BNB deduction and letting the BNB run out. The discount stops without a message; on futures the BNB has to be in the USDⓈ-M Futures Account, not the Spot Account.
• Market orders on perpetuals out of habit. $6 per $10,000 round trip, $2,880 a year at forty trades a month, for no reason a plan would recognise.
• Buying a lot of BNB for the discount. The saving is $5 per $10,000 spot round trip; the coin can move more than that before lunch. Hold a month of fees.
• Chasing a zero-fee pair into a stablecoin you did not choose, or a new contract type for a promotion that Binance itself says ends when it ends.
• Picking the cheapest withdrawal network. Binance’s own screen warns against it; the receiving wallet decides the network, not the fee.
• Treating Est. Fee as the fee, and forgetting that on spot the fee comes out of the coin you are buying.

FAQ

Sources, all read on 5 Sep 2026 without signing in: Spot fee table · USDⓈ-M futures fee table · Futures fee structure & calculations (updated 1 May 2026) · How to calculate spot trading fees (updated 6 Jan 2026) · Use BNB to pay for fees (updated 6 Feb 2026) · What fees are generated in futures trading (updated 5 Jan 2026) · Trading parameters — liquidation clearance fee · Spot promotions · U-margined fee promotion (2 Jul 2026) · Deposit & withdrawal fees · Convert FAQ (updated 20 Apr 2026). Published 5 Sep 2026.