Want to save on trading costs on Binance? Here's a little trick, especially for new traders who trade frequently.

Binance's spot trading charges a 1/1000 fee, which means that if you buy and sell $10,000 each, you'll pay a total of 2/1000 in fees. For example, if you buy $10,000 worth of Bitcoin, the platform will charge you $20 in fees. However, if you buy some $BNB in advance and choose to pay the fee with BNB, you might only have to pay $15 worth of BNB, saving you $5. It's important to note that you must have enough BNB in ​​your account, otherwise the platform will still charge you $20 at the normal rate.

In addition, Binance's spot trading is fee-free for some currency pairs, which means you can buy and sell on these trading pairs at zero cost.

For contract trading, you can also use BNB to deduct the fee, and you can enjoy a 10% discount if you pay with BNB. The operation method is similar to spot trading, you need to make sure you have enough BNB in ​​your account to pay the fee.

I recommend everyone to buy some BNB according to their trading volume, preferably enough to cover a week's trading fees. Because when the market comes, you may be more concerned about fast transactions rather than transaction fees. Even if you only save $1 per transaction, for users who trade frequently, it will be a considerable savings in the long run.