How to Reduce Spot and Futures Trading Fees on Binance and Bybit

[00:08] we will talk about the very important topic of commissions on crypto exchanges. If you are just starting to trade or are already actively trading crypto, this video will be really useful for you . After all, today I will show you how to pay minimal commissions on the

[00:23] Binance, Bybit, OKX, and BGI Bingx exchanges. and potentially save hundreds, and sometimes even thousands, of dollars. And the most interesting thing is that even traders who trade in the black often imperceptibly give away a huge part of their

[00:37] profit to the exchange simply because they do not use elementary ways to save on commissions. Now I will show you a simple example. Imagine you are trading futures on Binance, BYB, or OKX. Make literally a few trades a day,

[00:52] for example, 5-10 trades with leverage. It seems like the commission is small, It seems like the commission is small, or is the problem that it is being charged constantly? And if you didn't know, the commission is calculated on the full transaction volume,

[01:04] taking into account the leverage. That is, if you have $100 and you opened a position with a 10th leverage, the commission will be calculated from $1,000 . And we pay the commission both when opening and closing a position. Essentially, commissions are what

[01:18] any exchange makes money on. Because of this, a trader may not even notice how he simply gives away hundreds of dollars in a month, especially if the deposit is large or you are actively trading. Therefore, my task today is to show you all the main

[01:31] ways to reduce commissions on crypto exchanges, thanks to which you can seriously save your money. Let's start with Binance, because this is where most people trade and overpay the most in commissions. The first and most important way

[01:45] is to register on Vine using a special affiliate link, where a maximum discount of 20% on commission is already activated. You will find such a link in the description under the video. And here you can see that the discount will actually be

[01:58] active. After that, we move on to the next stage. And if you already have an account and can't create a new one, don't worry. We move on anyway. The next step is to check if BNB fee payment is enabled. Binance gives an

[02:13] additional discount on fees if it is debited in BNB. BNB is Binance's native BNB coin, so it makes sense to have some BNB on your balance specifically to pay fees. In particular, I almost always have BNB because after trading, I often

[02:27] convert small balances of various tokens into BNB, those that cannot be sold normally due to the small amount. Now I'll show you. We go into the settings, look for the item "Use BNB to pay commissions" and simply turn on two

[02:42] check marks. As a result, we get up to 25% discount on spot trading and 25% discount on spot trading and approximately 10% discount on futures. That is, if you already have a 20% discount through an affiliate link and additionally

[02:55] use BNB, the savings can be very significant. And when you trade large amounts or actively trade every day, the difference becomes truly huge. For example, I had a situation where instead of 7-8 dollars in

[03:10] commission for a transaction, I paid about five. And over time, this is already very serious money, considering that there can be hundreds of such transactions, especially in futures. And so, the next way to reduce commissions, which we definitely

[03:23] do before those two, is maker orders. This is where beginners literally lose a huge amount of money. When you open a trade with a market order, you are a taker, meaning you are taking liquidity from the market and paying a higher

[03:37] commission. And when you place a limit order and the market reaches your price on its own , you are already a maker and the commission becomes lower. This is especially important for futures, because if you constantly enter market positions, the exchange will

[03:50] gradually simply eat up your deposit with commissions. That is why professional traders in most cases open positions with limit orders. It doesn't matter if it's spot or futures. This should be a good habit for you, just a limit order. And

[04:06] if you look at the commission tables on exchanges, you will almost everywhere see that the maker commission is lower than the taker commission. That is, traders who trade limits always pay less. Is that clear? Let's move on. Another way is VIP

[04:20] levels. On Binance, the more trading volume you have over 30 days, the lower the commission becomes. But there is an important nuance here. There is no need to specifically increase volumes for the sake of the VIP level, because you can lose more on unnecessary transactions than you

[04:33] will save on commissions later. Typically, VIP levels are a bonus for very active traders, for whom large volumes come naturally. The first serious VIP levels start at around a million dollars in volume per month.

[04:46] I think the logic is clear. You can save the most on Binance exchanges by registering via an affiliate link, including payment of commissions via BNB, and trading mainly with limit orders. And

[04:59] thanks to this, commissions can be more than 50% lower. Now let's move on to the Bybit exchange. The scheme here is very similar. First, let's not forget about limit orders. This is the basis for both spot and futures. Next are the VIP levels.

[05:14] They are here too. You can find out more about them in the corresponding section [clearing throat] of your profile, where you can immediately see how your commission changes depending on your level. Here, by the way, you can get a VIP level simply by making a deposit on the

[05:26] exchange. BYBIT also added payment of commissions via MNT. This is a token supported by the exchange, roughly analogous to BNB on Binance. Therefore, it is also advisable to have some

[05:38] MNT on your balance and enable payment of commissions through it in the settings. And as you can see, this gives a 25% discount on spot trading and about a 10% discount on futures from the standard commission rate. Basically, these are the main ways to save money

[05:53] on Bybit. By the way, if you don't have a BYBIT account yet, the link with the best conditions is in the description under the video. They offer trading bonuses, commission discounts, and additional offers for new users, such as staking at

[06:06] users, such as staking at 500-700% annual interest on USDT, and so on. The next run is OKX. Here too, if you register using a special link, you can get a discount on commissions of up to 20% for spot and futures. The link

[06:19] will also be in the description. And in your account settings, you can check whether you have an additional discount on commissions. As you can see, I have 20% active. There is also a native OKX token, it is OKB, but it no longer gives additional discounts simply for

[06:35] using it to pay commissions, as is done on Binance or bybit. Therefore, the main emphasis here is on registration via a special link, trading with limit orders, and VIP levels. And, by the way, VIP levels on OKX are much easier to get

[06:49] than on many other exchanges. And how to get it, you can see in the corresponding section of the exchange. There are also additional bonuses, support, rewards, and other benefits with the VIP level. By the way, sometimes in my Telegram channel I even

[07:04] give out test VIP levels for my referrals for a month. So if you're interested, join in and ask. And the last exchange is Beekks. Pretty good run. Its big plus is that there are many trading pairs here that are not even on

[07:18] Binance or Bybit. So, briefly. Registering via an affiliate link Registering via an affiliate link gives you a 20% discount on commission. This is already a base. Next, again, limit order trading and VIP levels for active

[07:32] traders. Everything is as similar as possible here. I think many people are wondering which of these exchanges has the lowest commissions. To be honest, globally, they are more or less the same everywhere. So it's more a matter of habit, interface, and what's

[07:47] simply more convenient for you. But the main thing is to remember the basic ways to save on commissions. As I said, it's registration via an affiliate link, then trading with limit orders, then using the exchange's native tokens to

[08:01] using the exchange's native tokens to pay commissions, if possible, and VIP. equal if you are actively trading. And most importantly, don't make stupid deals, because it's better to think about how much commission you saved than how much money you

[08:14] lost because of a bad deal. If the video was useful, please support it with a like and a subscription. Good luck to everyone and see you later. Yeah.