Understanding fees is essential for profitable trading. Visit the Binance Official website or Binance Official APP. iPhone users can check the iOS Installation Guide.
Base rates: Both Maker and Taker fees are 0.1% of trade value. A $1,000 trade costs $1 in fees. With BNB deduction: 25% off, dropping to 0.075% ($0.75 per $1,000). VIP tiers: Higher trading volume = lower fees. Top VIP tiers reach as low as 0.02% Maker.
Fee formula: Fee = Trade Value x Fee Rate. Both buying and selling incur fees. How to minimize: Enable BNB deduction; use limit orders (Maker rates are lower at higher VIP tiers); increase trading volume for VIP benefits.
Q: Why is the fee deducted from the coin I receive?
A: Without BNB deduction, fees are taken from the coin you're buying. For example, buying 1 ETH means you receive 0.999 ETH (0.1% deducted). With BNB deduction, you receive the full 1 ETH and the fee is paid in BNB from your balance.