Fees may seem small per trade, but they add up to a significant expense over time. Especially for frequent traders, fees alone can eat into a year's profits substantially. Here are several money-saving methods I've personally verified.
The first step is registering through a referral link. If you don't have an account yet, register on Binance -- using a referral code gives you direct fee rebates. Download the Binance App for the same benefits on mobile.
Enable BNB Fee Deduction
This is the simplest and most impactful method. In the Binance App, go to your settings and enable "Pay Fees with BNB." Once enabled, all spot trading fees are automatically paid in BNB with a 25% discount.
You just need a small BNB balance in your spot account. For example, if your monthly trading volume is around 100,000 USDT, total fees would be about 100 USDT. With BNB deduction, you only need 75 USDT worth of BNB. Buy it in advance and keep it ready.
Use More Maker Orders, Fewer Taker Orders
Limit orders that fill as Maker typically have lower fee rates than market orders (Taker). In futures trading, this difference is even more significant -- Maker 0.02% vs Taker 0.05%, more than double.
If you're not in a rush to fill, use limit orders. Set buy prices slightly below market and sell prices slightly above. You may get a better execution price and enjoy lower fees at the same time.
Leverage Referral Rebates
Registering with a referral code earns you trading fee rebates. If you registered through a friend's referral link, a portion of each trade's fee is returned to both you and your friend. The rebate percentage varies by referral code setup, up to a maximum of 20%.
If you already registered without a referral code, you can contact support to ask if one can be added retroactively.
Upgrade Your VIP Tier
Binance determines your VIP level based on your past 30 days of trading volume and BNB holdings. Higher tiers mean lower fees. The threshold from VIP 0 to VIP 1 is 1 million USDT in 30-day trading volume or holding 25+ BNB.
For most regular users, chasing VIP tiers isn't realistic. But if your trading volume is already substantial, it's worth tracking your tier progress.
Additional Futures Fee Optimization
Beyond using limit orders in futures trading, there's an often-overlooked cost: funding rates. Collected every 8 hours, if you're consistently long when funding rates are positive, you're paying extra. Monitor funding rate timing and plan your position entries and exits accordingly to save on this as well.
Choose the Right Withdrawal Network
When withdrawing, choose a network with low fees. USDT via TRC20 costs only about 1 USDT, while ERC20 can cost over 10 or even tens of USDT. Unless the receiving wallet only supports ERC20, always prefer TRC20.
BNB withdrawals via BSC (BNB Smart Chain) have extremely low fees. For ETH withdrawals, there's no great way to save -- just try to withdraw during low-gas periods.
By combining the methods above, regular users can reduce their total trading costs by at least 30-50%.