Binance is one of the most popular cryptocurrency exchanges in the world, with the highest trading volume in both spot and derivative (contract) markets.
According to data from the past 24 hours, Binance's spot trading volume is approximately five times that of the second largest exchange, and contract trading volume exceeds three times. As often emphasized, trading volume reflects market stability.
The lower the trading volume on the exchange, the higher the slippage risk. This may not be a big issue for mainstream coins like Bitcoin, but for low liquidity altcoins, the trading price may be significantly lower than expected.
This is especially important for investors using leverage in contract trading, as even small price fluctuations can lead to significant losses. To reduce this risk, it is recommended to use a liquidity-rich exchange like Binance.
So how is Binance's fee structure? Binance offers relatively low trading fees, which vary depending on whether the user is a maker or a taker.
Market makers provide liquidity to the market through limit orders, while takers execute trades against existing limit orders using market orders. Below is a comparison of trading fees for spot and contract trading.
Category: Spot｜Contract
Maker: 0.010%｜0.020%
Taker: 0.010%｜0.050%
Maker using BNB: 0.075%｜0.018%
Maker using BNB: 0.075%｜0.045%
Spot trading can enjoy a discount of up to 25%, and contracts can reach up to 10%. To use the BNB discount in contract trading, please transfer BNB to your contract wallet first.
There are three ways to enjoy fee discounts:
The first method is to increase your VIP level. For example, reaching VIP level 1 in contract trading grants an additional 20% discount.
To reach VIP level 1, you need to accumulate more than $15 million in trading volume in the past 30 days. This is a significant amount, but it is achievable for high-frequency traders.
The second way is to use BNB. Just hold at least 50 BNB to activate the discount. You can enable it in the 'Use BNB' option in the dashboard or app settings.
To enjoy discounts in contract trading, please open a contract account first. The last method is to use a referral code.
Binance Fee 20% Discount Referral Link
You can register by clicking the link or manually entering the referral code WOZFXLOX.
You can also easily register via SNS, and the referral code will be automatically applied.
After registration, you can enjoy an additional up to 20% discount on trading fees for spot trading.
Even existing users can enjoy a 20% discount as long as they meet the following five conditions:
Account registered on Binance
Never accepted a referral invitation
No Binance trades or services used in the past 180 days
After opening the referral link and logging in, you will see a confirmation screen
Click 'Bind Now' to activate referral binding