Zero BTC Trading Fees: They Do What They Say on the Tin
Main Takeaways
Our zero-fee BTC trading pairs do exactly what they say. No hidden cost and no restructuring of our business model to compensate.Ā
Binance has introduced them as part of our dedication to low fees.Ā
Weāre proud to have introduced zero trading fees on a number of BTC pairs, but we understand that many of you still have some questions. Letās take this chance to iron out the details and lay to rest any misconceptions about the change.
If you havenāt heard already, then youāre in for a treat. Binance has recently removed trading fees from thirteen BTC spot pairs available on the exchange. Sounds too good to be true? Well, it really isnāt. We thought weād take the time to explain in more detail how the new policy works and clear up a few misconceptions along the way.
So, when it comes to zero trading fees at Binance, it really does do what it says on the tin.
Why Are We Introducing Zero Fees for BTC Spot Trading?
At Binance, we've always wanted to make crypto as accessible and inclusive as possible. That is why weāve maintained some of the lowest fees within the industry. With this move, we are doubling down on that commitment, vision, and goal.
Itās also a great symbolic move. Crypto and blockchain really began with Bitcoin, and what better way to remove fees than with the coin that is foundational to the industry? For many new investors, itās the first coin they buy. Itās also the most traded asset by volume. By introducing zero fees for common BTC pairs, we hope to share the benefits of fee-free trading with as many people as possible.
We also canāt ignore the state of the market. There has been panic. There has been confusion. And there has also been FUD. In this difficult moment, we wanted to champion a positive cause that benefits our community regardless of market conditions.
Is Binance restructuring to make money without BTC trading fees?
Thereās no shaky, ulterior motive here. Weāre not rebalancing profits from elsewhere, increasing spreads, or engaging in other activities to profit from this change. BTC is only one of the huge selection of digital assets listed on our platform, and spot trading is just one of many services we offer to our customers. Itās business as usual when it comes to the rest of the platform, meaning that our revenue model remains sustainable.
So while we are missing out on the fees from these BTC spot trading pairs, weāre well-positioned to offer this to our users. We have healthy reserves and would like to take this opportunity to give something back.
Perhaps itās all a marketing ploy to get new customers?
In a word: No. Regarding our position in the market, weāre incredibly confident in maintaining it without the need for flashy tricks or cheap campaigns. Removing these fees is simply another benefit we want to give to our customers. Ultimately, we want to build an accessible and inclusive platform and our zero BTC fees do this.
But when will the fees come back?
So, one thing to understand is that this isnāt a āpromotion.ā Itās not a campaign, either ā weāve simply made the decision to remove the fees for the time being. We feel passionate about this, as you can see from the reasons given earlier.Ā
But wonāt this encourage people to buy in while the marketās particularly volatile?
First, zero fees arenāt just for buying. The removal of fees affects all trading, selling included. Retail and institutional investors will all benefit from this change, and the recent sell-off in BTC and crypto isnāt unique to us. Financial markets around the world have also experienced troubles.
Weāre Doubling Down on Our Commitment to Customers
At Binance, we strive to be user-centric. With the introduction of zero fees for these selected BTC pairs, weāve taken the chance to offer one of our most used services for free. So, in celebration of five years of Binance and you, our community, weāre proud to implement these changes.
For more details on our zero-fee trading, make sure to read both our announcement and blog articles: