30-Second Summary
Binance charges 0.1% base trading fees on spot and up to 0.06% on futures. By stacking three savings layers — BNB fee payment (25% discount), VIP tier upgrades, and a 20% cashback via cashback.day — you can reduce your total trading costs by up to 40%. A trader moving $100,000 per month saves over $300 annually without changing anything about their strategy.
Why Binance Fees Matter More Than You Think
Binance is the world's largest cryptocurrency exchange by volume, handling over $15 billion in daily trades. Millions of traders use it for spot, futures, margin, and options trading. That massive scale means even a tiny fee percentage adds up quickly.
Consider a typical active trader executing $50,000 in monthly spot volume. At the default 0.1% taker fee, that's $50 per month or $600 per year in fees alone. Scale that to $200,000 monthly — common for futures traders using leverage — and fees jump to $240 per month or nearly $2,880 per year.
Most traders accept these costs as unavoidable. They are not. Binance has built-in discount mechanisms, and external cashback programs like cashback.day add another savings layer on top.
This guide shows you exactly how to combine every available discount to minimize what you pay.
Binance Fee Structure Explained
Before optimizing, you need to understand what you are being charged. Binance uses a maker-taker fee model across all markets.
Spot Trading Fees
When you place a limit order that adds liquidity to the order book, you pay the maker fee. Market orders that remove liquidity pay the taker fee. On Binance, both start at 0.1%.
Futures Trading Fees
Futures fees are lower per trade, but futures traders typically use higher leverage and trade more frequently. A 10x leveraged position on $10,000 creates $100,000 in notional volume — and fees are calculated on that larger amount.
Other Fees to Watch
5 Ways to Reduce Your Binance Trading Fees
Method 1: Pay Fees with BNB (25% Discount)
The simplest optimization. Enable "Using BNB to pay for fees" in your Binance dashboard settings. This immediately cuts all spot trading fees by 25%.
How it works: instead of deducting fees from your traded asset, Binance deducts the equivalent amount in BNB from your wallet at a 25% discount.
Steps to activate:
Effective spot rate drops from 0.1% to 0.075% immediately. This works for spot markets only — futures fees cannot be paid with BNB.
Method 2: Climb VIP Tiers with Trading Volume
Binance offers 9 VIP levels based on 30-day trading volume and BNB holdings. Higher VIP levels mean lower fees.
Most retail traders stay at Regular or VIP 1. But even VIP 1 reduces futures taker fees from 0.05% to 0.04% — a 20% reduction.
Method 3: Get 20% Cashback via cashback.day
This is the most powerful tool for everyday traders. By registering through a cashback.day referral link, you receive 20% of your trading fees back automatically as USDT.
How cashback works:
This stacks with BNB discounts and VIP tiers. The 20% cashback is calculated on what you actually pay after other discounts.
Already have a Binance account? Ask a family member to create a new account through your cashback.day link. They trade, and both of you benefit from the cashback program.
Method 4: Use Limit Orders Instead of Market Orders
On futures markets, the difference between maker and taker fees is significant:
Switching from market orders to limit orders saves 60% on futures fees with zero additional cost. Set your limit price close to the current market price for near-instant execution while still qualifying as a maker order.
Method 5: Optimize Your Trading Pairs
Not all trading pairs have the same fee structure. Binance occasionally offers zero-fee trading on select BTC pairs and promotional pairs. Check the fee schedule regularly for updates.
Additionally, using native USDT pairs instead of cross-converting currencies avoids the hidden 0.5% conversion spread.
Real Savings Calculation: Before vs After Optimization
Let's calculate actual savings for a trader with $100,000 monthly spot volume and $200,000 monthly futures volume.
That's a 30% reduction in total fees using just BNB discount + cashback alone. Add VIP tier progression and switching to limit orders on futures, and savings approach 40%.
For higher-volume traders ($500K+ monthly), the savings scale proportionally. A $500,000/month trader saves over $3,600 annually.
Common Mistakes That Cost Traders Money
Getting Started: Step-by-Step Setup
The entire setup takes under 10 minutes. Once configured, savings are automatic and permanent.
How Binance Cashback Compares to Other Exchanges
Binance is not the only exchange offering fee savings through cashback programs. Here is how it compares:
Binance maintains competitiveness through its BNB discount — an additional 25% that other exchanges do not always match with their native tokens. Combined with cashback, Binance offers one of the lowest effective fee rates in the market.
For a detailed comparison across all exchanges, see our exchange comparison page.
Conclusion
Reducing Binance trading fees does not require high volume or special access. Three simple steps — enabling BNB fee payment, registering through cashback.day for automatic 20% rebates, and using limit orders on futures — can save you up to 40% on every trade.
The math is straightforward: at $100,000 monthly volume, you keep an extra $720 per year. At $500,000 monthly volume, that's over $3,600 annually. These savings compound over time and directly improve your trading profitability.
Ready to start saving? Register for Binance cashback — setup takes under 10 minutes.
For more context on how crypto trading fees work across all exchanges, read our complete guide on crypto trading fees explained. And to understand the cashback model itself, see what is crypto trading fee cashback.