๐ฏ What are Binance VIP fees?
Binance grants VIP levels based on trading volume over the past 30 days. The higher the level, the lower the fees. The order fee for regular users is 0.02%, and the taker fee is 0.04%; starting from VIP1, these drop to 0.018% and 0.036%, respectively. However, since it usually requires hundreds of thousands of dollars in trading volume, it is difficult for small investors to reach. Nonetheless, there are still ways to save on fees.
๐ Method 1:Use invitation code
Entering the invitation code during registration can immediately grant a 20% fee discount. This discount applies to all users and is unrelated to VIP level, making it the most direct way to save money. For already registered users, in certain cases, additional discounts can also be obtained through rebate applications.
Existing users can also enjoy a 20% fee discount if they meet the following 5 conditions:
The invited person already has a registered Binance account.
The invited person has never accepted an invitation before.
The invited person's account has not traded or used any products on the Binance platform in the past 180 days.
Eligible invited persons will see a confirmation window when they open the link and log in.
After the invited person clicks [Bind Now], the binding takes effect immediately.
๐ Method 2: Pay fees with BNB
Setting fees to be paid with BNB allows an additional 25% discount. The system will automatically deduct BNB with each trade, and this discount is not restricted by VIP level. Due to BNB price fluctuations, it is advisable to only hold the minimum required amount.
๐ Method 3: Increase trading volume through small repeated trades
VIP qualification is based on 30 days of trading volume, not account balance. For example, opening a position with 300 RMB (approximately 40 USD) at 5x leverage and repeating the trade 5 times each day can generate millions of RMB in trading volume in 30 days. Small investors can also reach VIP1 through strategic trading. However, it is important to avoid meaningless operations to prevent increased fees โ risk management is key.
๐ Method 4: Utilize VIP events
Binance regularly hosts VIP-related events. These may include: relaxing conditions for new users, temporary VIP upgrades for existing users, or fee rebates. Frequently check the official announcements to ensure you donโt miss opportunities to enjoy VIP benefits with lower trading volumes.
๐ฅ Summary
Enter invitation code during WOZFXLOX registration (20% discount)
Enable BNB payment for fees (25% discount)
Accumulate trading volume through small repeated trades
Actively participate in VIP events
๐ Conclusion: Even without a large amount of capital, small investors can enjoy Binance VIP fee discounts through invitation codes, BNB payments, and reasonable trading strategies.
๐ฏ Extra Tips
Using limit orders instead of market orders can further reduce fees.
Even a 0.01% difference in fees can lead to significant cost differences in the long run, so it is important to pay attention.