Binance Fees: Free Account & Trading Types
43sCrypto traders want to know about fees upfront, and this clip clearly explains free account opening and three trading types (futures, options, spot) in a concise way.
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This video explains the various trading fees on Binance, covering futures, options, and spot trading. It details maker and taker charges, how order types affect fees, and the VIP tier system that reduces costs based on trading volume.
Chapters
[00:03]
Binance Trading Segments
Binance offers futures (perpetual with no expiry), options, and spot trading. Perpetual futures allow holding indefinitely and capturing both upside and downside movements. Spot trading is for direct long-term investment in coins.
[00:57]
Order Types and Fee Roles
Market orders execute immediately at current price, making the trader a 'taker'. Limit orders placed at a specific price (e.g., support zone) make the trader a 'maker' if they add liquidity.
[02:20]
Futures Trading Fees
For USDT perpetual futures, maker fee is 0.02% and taker fee is 0.05%. These are the standard rates for most traders.
[02:47]
Options Trading Fees
In options trading (classic options), both maker and taker fees are 0.02%.
[03:13]
VIP Tier System
Binance has VIP levels (e.g., VIP 1, VIP 2) that offer lower fees based on 30-day trading volume. Higher volume leads to lower charges.
[03:38]
Spot Trading Fees
For spot trading, both maker and taker fees are 0.100%.
Binance charges vary by trading segment and order type. Using limit orders (maker) reduces fees compared to market orders (taker), and higher trading volume unlocks VIP discounts.
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Mentioned in this Video
Study Flashcards (6)
What is the maker fee for USDT perpetual futures on Binance?
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What is the maker fee for USDT perpetual futures on Binance?
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0.02%
02:20
What is the taker fee for USDT perpetual futures on Binance?
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What is the taker fee for USDT perpetual futures on Binance?
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0.05%
02:20
What are the maker and taker fees for options trading on Binance?
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What are the maker and taker fees for options trading on Binance?
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Both are 0.02%.
02:47
What is the spot trading fee on Binance for both maker and taker?
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What is the spot trading fee on Binance for both maker and taker?
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0.100%
03:38
How does the VIP tier system work on Binance?
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How does the VIP tier system work on Binance?
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Higher 30-day trading volume unlocks lower fees at VIP levels like VIP 1 and VIP 2.
03:13
What is the difference between a maker and a taker?
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What is the difference between a maker and a taker?
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A maker places a limit order adding liquidity; a taker places a market order removing liquidity.
01:51
💡 Key Takeaways
📊
Standard Futures Fees
Clearly states the exact percentage fees for USDT perpetual futures, which is essential for cost calculation.
02:20
💡
VIP Discount Structure
Explains that higher trading volume reduces fees, incentivizing active traders.
03:13
📊
Spot Trading Fee
Provides the flat 0.100% fee for spot trading, useful for long-term investors.
03:38Full Transcript
[00:03] if you trade on the Binance application, then what charges are applied on your trade. First of all, if you go to the Binance application and you can open the account here absolutely free of cost and after this,
[00:18] you can trade on futures in the Binance application here. You can trade on options and along with this you can also trade on spot here. So here you will see the future trading as perpetual. Now perpetual means
[00:31] that it does not have any expiry. You can hold it as long as you want. And whatever movement there is in the trade, whether it is on the upside or the downside, you can capture it. And along with this, you
[00:43] can also trade in spot here. Now spot trading means that can directly invest in any coin for the long term. So you can see all these trading segments here on the Binance application. Now after this,
[00:57] I will tell you how the charges will be applied on your trade here. So first of all let us talk about future trading charges here. You guys look here on the side, here you will see limit order and next to it you will see market order.
[01:09] So the charges according to both these orders are going to be place a market order, like the price of Bitcoin is running here right now. your trade will be placed here. Meaning, whatever price is
[01:25] placed here. So here we call this market order. And like if you So how will the limit order work here? Like the price is currently moving here
[01:37] and a support zone of the market is formed here. So like if you do n't do bye here. What will happen if you place a limit order here at the support zone ? When the market comes here,
[01:51] So here we call it limit order. So, according to both these orders, the charges will be applied on your trade here. you will be the taker here and if you place a limit order here,
[02:05] you will be the maker here. You can see here that they have created the charges slabs in this manner. But here we have to look at the USDT maker and taker charges. as it is written here, it is USDT. So
[02:20] which almost everyone trades. So you will see this option here. So, if you trade on the maker side, that is, place a limit order, then here charges of 0.02% will be applicable on your trade.
[02:34] that is, you trade on the taker side, then your charges will be applicable here according to 0.05%. And you will get the option trading segment here at the top itself.
[02:47] As soon as you come here, you will have to come to the classic option. Then for example here I have come to the BTC options segment. options here. You have to trade according to this. As you may know.
[03:00] If we talk about charges, here whether you are as a maker or you are as a taker. Here your charges will be applicable on both sides according to 0.02%. Now there are many slabs built here. Whether you
[03:13] do options trading or if you do futures trading. You can see that slabs like VIP Level One, VIP Level Two are made here. So what happens in this ? The more you trade in the last 30 days , the more your
[03:25] turnover increases, and accordingly you will see lower charges here. And crypto coin here for the long term or if you do swing trading in it by buying in spot, then I will tell you
[03:38] how many charges will be applicable to you for spot trading. in the description box. From there you can open your account. also get to see benefits from the end application side. You get benefits in everything like opening an account
[03:52] , depositing money, trading etc. open the account from there. So here also, whether you are as a maker or as a taker, in both cases your charges will be 0.100%. If you want to know
[04:06] If you want to know You guys click on the video and watch the entire video. You will find account opening links in the from there you can open your account with the best offer link.