Short answer: On Binance, a "taker" order fills right away against the order book, and a "maker" order waits on the book until someone fills it. On USDâ-M Futures, maker fees are much lower than taker fees. Combine maker orders with referral code LONG2027 and BNB fee payment, and a $10,000 Futures round trip costs $2.88 instead of $10.00.
New to LONG2027? Start with the main guide:
https://www.binance.com/en/square/post/381420313464132
1. WHAT IS A MAKER AND WHAT IS A TAKER?
đž Taker: your order matches an existing order on the book and fills immediately. You "take" liquidity.
Examples: market orders, stop-market orders, and limit orders priced to fill instantly.
đž Maker: your order sits on the order book and waits. You "make" liquidity for other traders.
Example: a buy limit order placed below the current price.
A simple way to remember it: if your order fills the moment you click, you are almost always a taker.
2. BINANCE MAKER AND TAKER FEES (REGULAR USER / VIP 0)
đž Spot: 0.10% maker, 0.10% taker
đž USDâ-M Futures: 0.02% maker, 0.05% taker
Spot charges regular users the same rate either way. On Futures, the taker fee is 2.5 times the maker fee. That gap is where the real savings are.
3. WHAT THE DIFFERENCE COSTS ON FUTURES
A round trip means opening and closing one position, so you pay the fee twice.
đ $10,000 USDâ-M position, opened and closed
đž Taker in, taker out: $5.00 + $5.00 = $10.00
đž Maker in, maker out: $2.00 + $2.00 = $4.00
đž Maker + BNB payment (10% off): $3.60
â
Maker + BNB + LONG2027 (20% rebate): $2.88
That is about 71% less than the taker/taker cost.
đ° Monthly example
A trader who makes 20 round trips of $10,000 per month:
đž Always taker, no discounts: $200 per month
â
Maker orders + BNB + LONG2027: about $57.60 per month
That is roughly $142 saved every month, or more than $1,700 a year.
Full details on how BNB payment and LONG2027 work together:
https://www.binance.com/en/square/post/387070005349510
4. HOW TO MAKE SURE YOU PAY THE MAKER FEE
Use "Post Only." A Post Only limit order is never filled immediately. It goes onto the order book as a maker order, so you are only charged the maker fee. If it would fill instantly, Binance cancels it instead of charging you the taker fee.
On Futures:
1. Choose Limit as the order type
2. Tick "Post Only"
3. Place your buy below the best ask, or your sell above the best bid
On Spot:
1. Open the Spot trading page
2. Click the Settings icon at the top right, then the Layout tab
3. Under Order Mode, choose Advanced
4. Tick "Post Only" when placing a limit order
For API traders: Spot uses the LIMIT_MAKER order type, and Futures uses timeInForce = GTX.
5. WHEN PAYING THE TAKER FEE IS STILL WORTH IT
Maker orders are cheaper, but they may never fill. Taker orders still make sense when:
đž You need to exit a losing position fast
đž The market is moving quickly and missing the entry costs more than the fee
đž You are closing a position to avoid liquidation
A stop-loss that triggers as a market order is always a taker order. That is normal. Never remove a stop-loss just to save on fees.
6. COMMON MISTAKES
â Thinking every limit order is a maker order
A limit buy priced above the current ask fills instantly and is charged as a taker.
â Forgetting to add the referral code at sign-up
A referral code normally has to be entered when the account is created. If you have already signed up:
https://www.binance.com/en/square/post/381737980857470
â Not checking your actual fees
Check your trade history to see whether each fill was maker or taker, and confirm your rebates here:
https://www.binance.com/en/square/post/381417441423510
â Ignoring VIP levels
At higher VIP levels, fee rates and referral rules change:
https://www.binance.com/en/square/post/383179103617866
FAQ
â Is a limit order always a maker order?
No. It is a maker order only if it rests on the order book. Use Post Only to be sure.
â Is the maker fee cheaper on Spot?
For regular users, Spot maker and taker fees are both 0.10%. The difference appears on Futures and at higher VIP levels.
â Does LONG2027 apply to both maker and taker fees?
Yes. The 20% rebate applies to the trading fees you pay on Spot and Futures.
â What happens if my Post Only order would fill immediately?
It is canceled rather than filled as a taker order. Adjust the price and place it again.
đ Binance Referral Code: LONG2027
20% Spot and Futures fee rebate
This is independent content and is not affiliated with or endorsed by Binance. Fees and programs can change; the rates shown in your Binance account are the binding ones. Crypto trading carries risk.
#BinanceReferralCode #LONG2027 #MakerTaker #BinanceFutures #TradingFees
