I Calculated How Much I've Saved in Fees - The Numbers Surprised Me

I Did The Math On Fees

I'm kind of a nerd about this stuff, so I actually tracked all my trading fees for 3 months. The numbers were eye-opening.

The Base Rates

Binance charges 0.1% for spot trading. Both maker (limit orders) and taker (market orders) are the same rate. Sounds small, right?

But if you trade $100,000 in a month (not crazy for an active trader), that's $100 in fees. Per month. $1,200 a year just in fees.

How I Cut That Down

The BNREF01 rebate

I signed up with this referral code that gives 20% back on all trading fees. So that $100/month becomes $80/month. Saved $240 over the year just from this.

Paying with BNB

If you hold BNB and enable "pay fees with BNB," you get another 25% off. So now my effective fee is about 0.06% instead of 0.1%.

Using limit orders

This one's more about the type of trading, but limit orders (maker) can get slightly better rates at higher VIP levels. Plus you often get better prices anyway.

My Actual 3-Month Numbers

• Total trading volume: ~$280,000
• Fees before optimization: would've been $280
• Fees actually paid: ~$168
• Rebates received: ~$34
• Net cost: ~$134

Saved roughly $146 in 3 months. That's almost $600/year just by clicking a few settings.

Withdrawal Fees - The Hidden Cost

Trading fees aren't the only thing. Withdrawal fees add up too, especially if you're moving USDT around a lot.

My strategy: always use TRC20 for USDT. It's 1 USDT per withdrawal vs 3.5+ USDT for ERC20. Over a year with maybe 20 withdrawals, that's $50 saved.

Futures Fees Are Lower But Add Up

If you do futures, the base rates are lower (0.02% maker, 0.04% taker) but with leverage, your effective trading volume is much higher. The 20% BNREF01 rebate applies here too.

I don't do a ton of futures, but when I do, the fee savings from the referral code are proportionally bigger because of the volume.

Is It Worth Optimizing?

For casual traders doing $1,000/month? Probably not worth stressing about. Save maybe $2/month.

For active traders doing $50,000+/month? Absolutely. We're talking hundreds of dollars a year.

I fall somewhere in between, and I've saved enough to pay for a nice dinner out each month. Worth the 5 minutes it took to set up.

BNREF01 registration link if you want the 20% rebate.