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How to Reduce Binance Trading Fees to the Minimum
2024-05-22
7 min read
3 Ways to Lower Your Binance Fees
Trading fees can eat into your profits. Here is the ultimate guide to paying less on Binance.
1. Use a 20% Discount Referral Code
The easiest step is to register with a high-rebate code like BNREF01. This locks in a base savings of 20% forever. If you already have an account without a code, you might consider opening a new one (if you haven't done KYC yet).
2. Pay Fees with BNB (25% Off)
Binance offers an additional 25% discount if you choose to pay your trading fees using Binance Coin (BNB).
- Go to your Dashboard.
- Toggle "Using BNB to pay for fees" to ON.
- Keep a small amount of BNB in your spot wallet.
3. Stack the Discounts
The magic happens when you combine both:
- Referral Discount: 20% kickback
- BNB Discount: 25% off standard fee
By stacking these, you pay significantly less than the standard 0.1% fee.
VIP Tiers
For high-volume traders (trading more than 1M BUSD/month), the VIP program offers even lower rates. But for most users, steps 1 and 2 are the most accessible ways to save.