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If you're actively trading on Binance, you might be spending more on fees than you realize â especially if you haven't adjusted your fee settings. But the good news is: Binance offers multiple ways to reduce your trading costs if you know where to look.
Letâs break down three effective strategies you can apply today to start saving money immediately:
1ïžâŁ Activate BNB Fee Payments for Instant Savings
Binance allows users to pay trading fees using BNB (Binance Coin) â and by enabling this feature, you can get a 24â26% discount on your spot and futures fees (depending on the product and level).
đ§ How to Enable:
Go to your Binance app or desktop dashboard
Tap your profile icon â Settings
Locate and toggle on âUse BNB for trading feesâ
â Tip: Keep a small reserve of BNB in your wallet to ensure fees are always auto-deducted without disruption.
This small change can lead to significant savings over time, especially for frequent traders.
2ïžâŁ Climb VIP Tiers by Increasing Monthly Trading Volume
Binance uses a tiered VIP system where the more volume you trade, the lower your fees become. Once you hit certain thresholds, you're upgraded to a new VIP level, and each level comes with reduced spot and futures trading fees.
đ Example Tiers (Simplified):
VIP 0: Default (basic rates)
VIP 1: Requires around $750K in 30-day volume
VIP 2+: Unlock more benefits as your volume increases
đ§ Note: While these levels may not suit beginners, theyâre important to know as your portfolio and trades grow in size. Futures users especially benefit from higher-tier fee reductions.
3ïžâŁ Choose Limit Orders Over Market Orders to Lower Costs
The type of order you place impacts the fee you pay.
Market orders execute immediately and are considered taker trades â usually charged at a higher rate. Limit orders, on the other hand, add liquidity and are treated as maker trades, which generally incur lower fees.
đ Quick Breakdown:
Limit Orders = lower "maker" fees (you set the price and wait for the market to match)
Market Orders = higher "taker" fees (you buy/sell at current market price instantly)
đŻ Be strategic: Use limit orders when you can afford to wait â especially in stable or low-volatility markets.
đ Bonus Tip: Preview Fees Before Trading
Binance offers a Fee Calculator Tool that shows you the estimated cost of a trade before you confirm it. This helps you plan your entries and exits more efficiently.
đ Access via: Binance Fee Calculator
â ïž Reminder:
This information is provided for educational purposes. Always review your account settings and monitor live market conditions before placing trades.
đŹ Already using BNB to save on fees?
Drop a âYESâ in the comments!
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