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Binance Fees Review: A Complete Guide (2021)

Binance is one of the world's largest cryptocurrency trading platforms with a broad suite of services for Bitcoin and crypto traders. We breakdown all you need to know about their fee structure for spot trading, futures trading and much more.

David Cohen

Senior Writer at Buy Bitcoin Finder

Binance Exchange Overview

Binance is without doubt the world's largest cryptocurrency trading platform. Their platform enables users from any country around the world to deposit fiat and start investing or trading Bitcoin and other digital assets.

The Binance cryptocurrency ecosystem offers a wide suite of products that have varying fees, which can become confusing. These products include standard trading, leveraged trading, crypto lending and much more.

What are Binance Trading Fees?

The standard Binance fee for trading on their normal market is 0.1% for a buy or a sell. If you hold over 1 BNB token in your Binance Trading Account, this fee is reduced to 0.0750% per trade, which is extremely cheap when compared to Coinbase fees.

If you sign up using this link, you will get a referral kickback of 20% of your trading fees.

Below is a table summarising Binance fee structure for their standard trading.

BNB BalanceBinance Maker/Taker FeesBinance Maker/Taker Fees
+ BNB Discount x Referral Kickback
≥ 0 BNB0.1000% / 0.1000%0.0600% / 0.0600%
≥ 50 BNB0.0900% / 0.1000%0.0540% / 0.0600%
≥ 200 BNB0.0800% / 0.1000%0.0480% / 0.0600%
≥ 500 BNB0.0700% / 0.1000%0.0420% / 0.0600%
≥ 1000 BNB0.0700% / 0.0900%0.0420% / 0.0540%
≥ 2000 BNB0.0600% / 0.0800%0.0360% / 0.0480%
≥ 3500 BNB0.0500% / 0.0700%0.0300% / 0.0420%
≥ 6000 BNB0.0400% / 0.0600%0.0240% / 0.0360%
≥ 9000 BNB0.0300% / 0.0500%0.0180% / 0.0300%
≥ 11000 BNB0.0200% / 0.0400%0.0120% / 0.0240%

Binance Withdrawal Fees

Since the high network congestion of both Bitcoin and Ethereum, the fees to withdraw crypto from Binance have become very high. For example, it costs about $15USD to withdraw any amount of Ethereum from Binance - which is incredibly high.

If you want to withdraw USD Fiat into your Bank of America or Chase Bank account for example, it is completely free of charge.