Binance Fees Explained: Maker, Taker and Costs

Quick answer

Binance charges 0.10% maker and 0.10% taker on spot trades at the base VIP 0 tier, figures verified September 2026. Futures start at 0.02% maker and 0.05% taker. New users receive 14 days of 0% spot fees, so a $1,000 market order costs about $1.00 at the standard rate and nothing during the promotional window.

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How Binance fees work: the maker-taker model

Binance (a centralized exchange founded in 2017 and headquartered in the Cayman Islands) prices every spot trade through a maker-taker model. A maker order rests on the order book before it fills and adds liquidity that other traders can take. A taker order matches immediately against a resting order and removes that liquidity. Binance applies the same 0.10% rate to both sides at the base VIP 0 tier, verified September 2026, which differs from venues that discount makers to encourage deeper books.

Maker versus taker on Binance spot

Placing a limit order away from the current price usually makes you the maker, while a market order always makes you the taker. At VIP 0 both roles cost 0.10%, so the distinction matters less on Binance than on a venue with a wide maker-taker gap. The distinction still matters for one practical reason: makers frequently get filled at a better price than the spread midpoint, which lowers total cost in a way the fee line does not show.

Where the Binance fee schedule is published

Binance publishes the full spot, margin and futures schedules on its own fee schedule page, and ChainSignal re-checks the base tier monthly. The figures in this guide were verified September 2026. Promotional windows such as the 14-day 0% offer appear on the entity page rather than on the standard schedule, so read both before estimating your cost. Our Binance review summarises the wider platform, while this page stays focused on cost.

Binance VIP tiers: how Binance fees fall with volume

Binance sorts spot accounts into VIP tiers that are driven by 30-day trading volume. Higher tiers cut both the maker and the taker rate, and the reduction applies automatically once the rolling window qualifies. New accounts start at VIP 0 with 0.10% on both sides, verified September 2026.

How the 30-day window is measured

The tier calculation looks back across a rolling 30-day period rather than a calendar month, so a single large week can lift you into a cheaper bracket for the following weeks. Volume accrues across spot, margin and futures pairs in the account, and the tier is re-evaluated as the window rolls.

What VIP 0 means in practice

Traders who place a handful of orders per month will sit at VIP 0 permanently, which makes 0.10% the number that actually matters for most retail accounts. Anyone whose monthly volume climbs into higher brackets should re-check the published schedule, because the effective rate can move below the headline figure without any manual upgrade.

Binance futures fees versus spot fees

Binance runs a separate schedule for derivatives. Futures start at 0.02% maker and 0.05% taker, verified September 2026, which is cheaper than the 0.10% spot rate on both sides. The table below compares the two schedules at the base tier.

Funding is not a fee

Perpetual contracts exchange a funding payment between long and short holders on a fixed schedule. That payment flows to the other side of the trade rather than to Binance, and it can be a cost or a credit depending on your position and the funding rate at that moment. Traders who hold leveraged positions for days should treat funding as a separate line from the 0.02% / 0.05% commission.

Pros and cons

Pros

• 0.10% maker and 0.10% taker on spot at VIP 0, verified September 2026
• 14 days of 0% spot fees for new users, plus a referral reward of up to 400 USDC
• Futures commission of 0.02% maker and 0.05% taker, below the spot rate
• More than 350 listed cryptocurrencies and deep order books that limit slippage
• Published proof-of-reserves page and the SAFU insurance reserve

Cons

• Both maker and taker pay the same 0.10% at the base tier, so patient limit orders earn no discount over market orders on the fee line
• KYC is mandatory before deposits, trading and withdrawals are enabled
• Withdrawal fees are charged per network and can exceed the trading fee on small transfers
• The convert tool carries a spread that is not shown in the published fee schedule
• Product availability differs by jurisdiction

Binance fees by trade size: worked cost examples

The arithmetic behind Binance fees is linear at VIP 0: multiply the notional value by 0.10% for a taker fill. A $1,000 market buy therefore costs $1.00. A round trip doubles the figure, because the exit order pays the same rate. The table below runs that calculation across common trade sizes.

Two caveats apply. Higher VIP tiers reduce every row in the table, and the figures exclude withdrawal fees, funding payments and any spread paid on instant-buy flows.

How the 14 days of 0% spot fees change the math

New accounts opened through the referral link trade spot at 0% for the first 14 days. Someone who turns over $25,000 in spot during that fortnight avoids $25.00 per side, or $50.00 on round trips, compared with the standard schedule. The window starts at account creation rather than at first trade, so activating an account before you are ready to trade wastes part of the benefit. After day 14 the standard 0.10% schedule resumes unless 30-day volume has lifted the account into a higher VIP tier.

Worked example: $10,000 across a month

A trader who buys $10,000 of bitcoin and sells it two weeks later pays $10.00 on entry and $10.00 on exit at VIP 0, for $20.00 in total commission. The same two orders placed inside the 14-day window cost nothing. A futures trader entering and exiting the same notional with market orders pays 0.05% twice, or $10.00, before any funding payments.

Hidden costs on Binance: withdrawals, spreads and convert

Trading commission is only one component of cost on Binance. Three other items routinely surprise new users, and none of them appear in the maker-taker headline.

Withdrawal fees are network charges

Withdrawal fees are set per network and per asset and float with chain conditions. They are not part of the trading fee and are not covered by the 14-day 0% promotion. Always read the fee shown on the withdrawal confirmation screen before submitting a transfer, and check whether a cheaper network is offered for the same asset.

Convert-tool spread

The convert and instant-buy tools quote a price that already contains a spread. That spread is separate from the 0.10% schedule and can exceed it on small or volatile orders. Placing a limit order on the spot market is usually cheaper than converting, provided the order fills.

Deposits and fiat rails

Crypto deposits do not carry a Binance trading fee, though the blockchain network still charges its own fee. Fiat funding costs depend on the payment rail and the processor, and the amount is displayed before confirmation.

How to pay less in Binance fees

1. Register through the referral link so the 14-day 0% spot window is attached to the account from day one.
2. Plan your first spot trades inside that 14-day window rather than waiting until after it expires.
3. Use limit orders on the spot market instead of the convert tool to avoid the embedded spread.
4. Check the 30-day volume figure on the fee page before assuming VIP 0 still applies to you.
5. Compare the futures schedule of 0.02% maker and 0.05% taker against spot if the trade is directional and short-lived.
6. Choose the cheapest available network on the withdrawal screen and confirm the quoted fee.
7. Review the referral terms on the entity page, since the reward of up to 400 USDC depends on qualifying tasks.

Alternatives to Binance for lower fees

OKX charges 0.08% maker and 0.10% taker on spot at its base tier, verified September 2026, so makers pay slightly less there while takers pay the same 0.10%. Kraken runs 0.16% maker and 0.26% taker and appeals to users who rank regulatory clarity above price. Both venues are covered in the full exchange ranking, which weights fees alongside security, liquidity and support. Current promotions across venues are listed on the deals hub, and our earlier crypto trading fee comparison puts every schedule side by side.

Frequently asked questions

What are Binance fees at the base tier?

Binance charges 0.10% maker and 0.10% taker on spot trades at VIP 0, verified September 2026. Both sides pay the same rate at that tier, so a $1,000 market order costs about $1.00. Higher VIP tiers reached through 30-day trading volume reduce the rate, and futures use a separate schedule.

How does the Binance maker-taker model work?

A maker order rests on the book and adds liquidity, while a taker order fills immediately and removes it. Binance charges both roles 0.10% at VIP 0, verified September 2026. The practical benefit of making is the fill price rather than the fee, since a resting limit order often executes better than the spread midpoint.

Are Binance futures fees different from spot fees?

Futures start at 0.02% maker and 0.05% taker, verified September 2026, which is lower than the 0.10% spot rate on both sides. Perpetual positions also pay or receive funding on a schedule, and that payment goes to the opposing side rather than to the exchange. Treat funding as a separate cost line.

How long does the Binance 0% fee promotion last?

The promotion covers 14 days of 0% spot fees starting from account creation. Both maker and taker orders are covered during the window, and the standard 0.10% schedule resumes afterwards unless the account has qualified for a higher VIP tier. New users can also access a referral reward of up to 400 USDC.

Are Binance withdrawal fees part of trading fees?

Withdrawal fees are charged per network and per asset and are billed separately from trading commission. They float with blockchain conditions and are not covered by the 14-day 0% spot promotion. The exact amount appears on the withdrawal confirmation screen before you submit the transfer.

Can I reduce Binance fees without trading more volume?

Registering through the referral link removes spot commission entirely for 14 days, which is the fastest saving available to a new account. Using limit orders instead of the convert tool avoids the embedded spread, and picking a cheaper withdrawal network reduces the per-transfer charge. Volume-based VIP tiers handle the rest.

Does Binance charge for deposits?

Crypto deposits carry no Binance trading fee, although the underlying blockchain charges its own network fee. Fiat funding costs vary by payment rail and processor, and the amount is shown before you confirm the transaction. Check the deposit screen for your region, because supported rails differ by jurisdiction.

How do Binance fees compare with other exchanges?

At 0.10% maker and 0.10% taker on spot, Binance sits below retail-focused venues such as Coinbase at 0.40% / 0.60% and Kraken at 0.16% / 0.26%. OKX matches the 0.10% taker rate and charges 0.08% for makers, while Bybit runs 0.10% on both sides. Our fee comparison lists every schedule.

Verdict

Binance earns its ChainSignal rating of 4.8 out of 5 partly on cost: 0.10% maker and 0.10% taker at VIP 0, verified September 2026, a cheaper 0.02% / 0.05% futures schedule, and a 14-day 0% spot window that removes commission during the period when most new accounts are learning the interface. The costs that remain are the withdrawal fee per network and the spread inside the convert tool, neither of which appears in the published schedule. Read both the fee page and the promotion terms before your first order, and re-check the 30-day volume figure if you trade often enough to move between VIP tiers.

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This is not financial advice. Crypto assets are volatile.