The base fee for Binance Spot trading is 0.1% for both Maker and Taker, which is the standard rate for VIP 0 (regular accounts). By enabling BNB fee deduction, you receive an additional 25% discount on the base rate, effectively reducing the fee to 0.075%. The higher your VIP level and the larger your 30-day trading volume, the lower your rates. For instance, a VIP 9 user enjoys a Maker fee as low as 0.012%, which becomes approximately 0.009% with BNB deduction. To view or enable BNB deduction, go to the Binance Official Website, click your profile icon in the top right → "Dashboard" → "Fee Rates". On mobile, follow similar steps in the Binance Official APP; iPhone users can get the app via the iOS Installation Tutorial. This article will clarify the fee calculation formula, VIP upgrade requirements, potential pitfalls of BNB deduction, and actual savings for different trading volumes.
1. Basic Rules of Binance Spot Fees
Step 1: How Fees Are Calculated
The formula for Binance Spot fees is very straightforward:
Fee = Execution Amount × Fee Rate
Fees are deducted in the asset you receive.
- If you spend 10,000 USDT to buy BTC at a 0.1% rate, you will be charged 10 USDT in fees (meaning you effectively receive 9,990 USDT worth of BTC).
- If you sell 0.2 BTC and receive 12,400 USDT at a 0.1% rate, you will be charged 12.4 USDT, leaving you with 12,387.6 USDT.
Step 2: Distinguishing Maker and Taker
Binance categorizes trades based on whether they "provide liquidity" to the order book:
| Type | Definition | VIP 0 Fee Rate |
|---|---|---|
| Maker | Orders placed in the order book awaiting execution | 0.1000% |
| Taker | Orders that execute immediately against existing orders | 0.1000% |
For regular accounts (VIP 0), Maker and Taker fees are identical. Differences only emerge once you reach VIP 1 or higher. VIP fee tiers are displayed in the next section.
Step 3: Which Asset is the Fee Deducted From?
By default, fees are deducted in the "quote currency" of the trading pair:
- BTC/USDT Trade → Deducted in USDT
- ETH/BTC Trade → Deducted in BTC
- BNB/USDT Trade → Deducted in USDT
If the BNB deduction switch is enabled, Binance will prioritize deducting fees from your BNB balance (converted to the equivalent value of the target currency) and grant a 25% discount. If your BNB balance is zero, the system reverts to deducting the standard rate from the quote currency.
2. Binance VIP Levels and Fee Table
VIP levels are determined by a combination of 30-day Spot + Margin trading volume (USD equivalent) and BNB balance. Below is the fee table as of April 2026:
| Level | 30d Trading Volume (USD) | BNB Balance Requirement | Maker Fee | Taker Fee |
|---|---|---|---|---|
| VIP 0 | < 1,000,000 | ≥ 0 BNB | 0.1000% | 0.1000% |
| VIP 1 | ≥ 1,000,000 | ≥ 25 BNB | 0.0900% | 0.1000% |
| VIP 2 | ≥ 5,000,000 | ≥ 100 BNB | 0.0800% | 0.1000% |
| VIP 3 | ≥ 20,000,000 | ≥ 250 BNB | 0.0420% | 0.0600% |
| VIP 4 | ≥ 100,000,000 | ≥ 500 BNB | 0.0420% | 0.0540% |
| VIP 5 | ≥ 150,000,000 | ≥ 1,000 BNB | 0.0360% | 0.0480% |
| VIP 6 | ≥ 400,000,000 | ≥ 1,750 BNB | 0.0300% | 0.0420% |
| VIP 7 | ≥ 800,000,000 | ≥ 3,000 BNB | 0.0240% | 0.0360% |
| VIP 8 | ≥ 2,000,000,000 | ≥ 4,500 BNB | 0.0180% | 0.0300% |
| VIP 9 | ≥ 4,000,000,000 | ≥ 5,500 BNB | 0.0120% | 0.0240% |
Key Highlights:
- Both the 30-day volume and BNB balance requirements must be met simultaneously; failing one results in a downgrade.
- Binance re-evaluates levels daily at 00:00 UTC.
- Trading volumes from Spot, Cross Margin, and Isolated Margin are aggregated.
- Market Makers (Institutional) have a specific VIP M+ system where rates can be negative (Maker Rebates).
A retail user needs a 30-day volume of $1 million to reach VIP 1, which equals roughly $33,000 in daily trades. 95% of individual users stay at VIP 0, so the calculations below focus on VIP 0.
3. How to Enable BNB Deduction and Actual Savings
Step 1: Maintain a BNB Balance
Buy a certain amount of BNB in your Binance Spot account. At a price of roughly $600/BNB, holding 5-10 BNB is enough for most retail users for a long time. The BNB balance does not need to be locked and can be traded at any time.
Step 2: Turn on the BNB Deduction Switch
Navigation: Profile icon (top right) → Dashboard → Fee Rates → Use BNB to Pay for Fees (On).
Once enabled, you will see the message: "Using BNB to pay for fees grants a 25% discount." This switch can be toggled at any time without further verification.
Step 3: How Deduction is Calculated
Suppose you make a 10,000 USDT BTC purchase with a base fee of 10 USDT. With BNB deduction:
- Conversion to BNB: 10 USDT ÷ 600 USDT/BNB ≈ 0.01667 BNB
- Apply 25% Discount: You are actually charged 0.0125 BNB (equivalent to 7.5 USDT)
- Savings: 2.5 USDT
Step 4: Three Things to Note About Deduction
Note 1: BNB Price Fluctuations Affect Deduction Costs
Deductions are calculated based on the real-time BNB price. If BNB rises from $600 to $800, the value of your BNB used for deduction will match the new price; the discount percentage remains the same, but fewer BNB are consumed.
Note 2: Insufficient BNB Reverts to Standard Rate
At the moment of trade, if your BNB balance is insufficient (even by 0.0001), the system will deduct the full 0.1% rate from the original currency. Partial deduction is not supported. Ensure your BNB balance remains sufficient.
Note 3: BNB Trades Also Qualify for Deduction
Buying BNB with USDT or trading BNB for other coins also utilizes the BNB deduction. However, buying BNB with BNB is not applicable.
4. Actual Savings at Different Trading Volumes
The table below assumes a VIP 0 user and compares fee expenditures with and without BNB deduction:
| Monthly Volume (USD) | Base Fee (0.1%) | With BNB Deduction (0.075%) | Monthly Savings | Annual Savings |
|---|---|---|---|---|
| 10,000 | 10 | 7.5 | 2.5 | 30 |
| 50,000 | 50 | 37.5 | 12.5 | 150 |
| 200,000 | 200 | 150 | 50 | 600 |
| 500,000 | 500 | 375 | 125 | 1,500 |
| 1,000,000 | 1,000 | 750 | 250 | 3,000 |
Conclusion: For light users with a monthly volume below $50,000, you save about $150 a year. Enabling BNB deduction is still worthwhile as BNB itself might appreciate. For users exceeding $500,000 in monthly volume, the annual savings can reach thousands of dollars, making it nearly essential to enable.
5. Fee Comparison with Other Exchanges
| Exchange | Spot Maker | Spot Taker | Token Deduction Discount |
|---|---|---|---|
| Binance | 0.100% | 0.100% | BNB Deduction (25%) |
| OKX | 0.080% | 0.100% | OKB Deduction (20%) |
| Bybit | 0.100% | 0.100% | None for Spot |
| Coinbase Advanced | 0.400% | 0.600% | None |
| Kraken | 0.160% | 0.260% | None |
| Gate.io | 0.200% | 0.200% | GT Deduction (30%) |
Binance's base fees are mid-to-low, but the 0.075% rate with BNB deduction is highly competitive among major exchanges. Furthermore, Binance's high-tier rates (VIP 9 Maker at 0.012%) are among the lowest in the global industry.
FAQ - Frequently Asked Questions
Q: Which currency is most cost-effective for Binance fees? A: Deducting fees with BNB is the most cost-effective (25% off). If you don't hold BNB, fees are deducted in the quote currency by default (e.g., USDT for BTC/USDT pairs, BTC for ETH/BTC pairs).
Q: Are VIP levels recalculated every day? A: Yes. Binance re-evaluates daily at 00:00 UTC based on rolling 30-day data. Upgrades and downgrades are automatic.
Q: Are there fee reduction promotions for new users? A: Often, yes. Registering via a referral link often grants a permanent 20% or 30% Spot fee kickback or limited-time trial funds. Check the specific promotion page during registration.
Q: Does using a Binance Card incur fees? A: Using the card itself does not incur a fee, but currency conversions (e.g., spending EUR deducted from a USDT account) incur a foreign exchange conversion fee of roughly 0.9%. This is separate from Spot trading fees.
Q: Are fees refunded if an order is canceled? A: Limit orders only incur fees upon "execution". No fees are charged for the portion of an order that is canceled before execution. If only 30% of an order executes before you cancel, you are charged for that 30% only.