Binance Fees: Complete Guide (For Binance and Binance US)

Binance is the world’s largest cryptocurrency exchange, founded in 2017 by Changpeng Zhao. 

They were based in China, but now they have their headquarters in Malta due to the Chinese government’s restrictions.

The platform performs over 1,400,000 transactions per second and has a daily volume of over two billion.

In this article, we will discuss the fees of Binance and Binance US.

Binance Deposit and Withdrawal Fees

Deposits in Binance are entirely free.

The withdrawal fee and minimum withdrawal is determined upon the blockchain network. Hence, they are not fixed and depend upon network congestion.

For example, To withdraw Bitcoin, you can use any one of the following networks. Each network has a different minimum withdrawal and withdrawal fee.

NetworkMinimum WithdrawalWithdrawal Fee
BEP20.00000920.0000046
BEP20 (BSC)0.00000740.0000037
BTC0.0010.0005
ERC200.000620.00031
BTC(SegWit)0.0010.0005

You can check the complete list here.

Binance Trading Fees

Binance follows a maker-taker model. The fee is divided into eleven levels according to the trading volume over thirty days and BNB Balance. Therefore your trading fee will be decided by your VIP Level.

Every day at 0:00 am UTC, your trading volume (BTC) over thirty days, and BNB Balance is updated. The tier level and maker-taker is fees is updated at around 2:00  UTC

If you have BNB in your account, then by default, trading fees will be deducted from your BNB balance, getting you a 25% discount on your trading fee. Additionally, you will get a 20% discount on referring to your friends.

Binance Trading Fees
Binance Trading Fees

Binance Margin Borrow Interest rate

The margin borrows interest rate depends on the VIP level you are. Each cryptocurrency has a different interest rate.

Binance Margin Borrow Interest Rate
Binance Margin Borrow Interest Rate

You can check the entire list here.

Binance USDⓈ-M Futures Trading Rate

The USDⓈ-M Futures Trading Rates offers trading perpetually and quarterly with leverage up to 125x. Additionally, you will get a 10% discount on using BNB. 

Binance USD-M Futures Trading Rate
Binance USD-M Futures Trading Rate

Binance Coin-M Futures Trading Rate

Coin-M Futures allow you to trade perpetually and quarterly with leverage up to 125x. The trading rates for Coin-M futures are mentioned below.

Coin-M Futures Trading Rate
Binance Coin-M Futures Trading Rate

Binance Cross Collateral Interest Rate

Binance supports four collateral coins BTC, ETH, EUR, and BUSD. The daily interest rate, grace period, and borrow limit differs according to the VIP levels and borrow a coin.

The cross collateral interest rates for BTC when borrow coin is BUSD is mentioned below. You can check the rates for the remaining three here.

Binance Cross Collateral Interest Rate
Binance Cross Collateral Interest Rate

Binance US Deposit and Withdrawal Fees

Deposits in Binance US are also entirely free.

The withdrawal limit depends upon the level of verification you have completed. 

VerificationWithdrawal Limit
Basic ( Identity and Address Information)5000 USD every day
Advanced (Proof of Address, Government ID)1,000,000 USD every day
Complete Fiat Account (Brief Prime Time Questionnaire)5,000 USD with ACH or 1,000,000 USD with wire each time

For USD, the fee depends upon the method you choose to complete your payment.

MethodMinimum Withdrawal (USD)Deposit Fee (USD)Withdrawal Fee (USD)
ACH10.00
Wire1000.015 Domestic35 International
Debit Card4.5%

The withdrawal fee and the withdrawal limit vary according to the cryptocurrency you choose. The table below shows the fee and limits of some of the popular cryptocurrencies.

CryptocurrencyWithdrawal Limit Withdrawal Fee
Bitcoin (BTC)0.0010.0005
Ethereum (ETH)0.020.013
Litecoin (LTC)0.0020.001
Neo (NEO)00
TetherUS (USDT)2814
Ethereum Classic (ETC)0.020.01
EOS0.20.1
XRP 0.25000010.25
Matic7437

You can check the complete list here.

Binance US Trading Fees

Binance US also follows a maker-taker model. The fee is divided into eleven levels according to the trading volume over thirty days and BNB Balance. Therefore your trading fee will be decided by your VIP Level.

Every day at 0:00 am EST, your trading volume (USD) over thirty days, and BNB Balance is updated. The tier level and maker-taker fees is updated at around 1:00 AM EST.

If you have BNB in your account, then trading fees will be deducted from your BNB balance by default. Additionally, you get a 25% discount on your trading fee if you pay using BNB.

By default, you are level VIP 0.

Binance US Trading Fees
Binance US Trading Fees

You can check the trade limit for all the cryptocurrency pairs here.

Binance Fees: Conclusion

Binance offers competitive rates. The pricing structure for different types of transactions is divided into levels according to your thirty-day trading volume and BNB balance. Additionally, they offer discounts if you use BNB.

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