How much is Binance’s handling fee?

Binance transaction fee: 1. Zero threshold, no platform currency is used for deduction, 0.1% for pending orders, 0.1% for taker orders; 2. Zero threshold, platform currency is used for deduction, 0.075% for pending orders, 0.075 for taker orders %; 3. Contract transaction fees are 0.02% for placing orders and 0.03% for taking orders.

Binance transaction fee

1. Zero threshold, no platform currency deduction required
Binance Handling fee: 0.1% for placing orders, 0.1% for taking orders;
2. Zero threshold, use platform currency to deduct
Binance handling fees: 0.075% for placing orders, 0.075% for taking orders;
3. Contract transaction fees
Binance: 0.02% for pending orders and 0.03% for takers; (higher-level fees are lower)

1. Handling fees for currency transactions

Coin-to-crypto trading refers to spot trading, which does not involve derivatives or leverage. The first thing to explain is that transactions are divided into makers and takers.

• Pending party: Issue a transaction order on the pending order, and the transaction will not be completed immediately. Later, the exchange will wait for the taker to send a transaction request for matching, and the handling fee is cheaper
• Taker: Issue the transaction After the request, the system matches the transaction issued by the placing order, and then the transaction is completed. The handling fee is relatively expensive

In addition, the higher your membership level, the lower the handling fee.

From VIP 0 to VIP 9, there are respective Maker/Taker rates. For details, please see the figure below:

In addition, if you hold With a certain amount of BNB, you can use BNB to offset the handling fee.

BNB is a cryptocurrency issued by Binance itself. When you use BNB to pay the handling fee, you can get a 25% discount.

Therefore, assuming that the original handling fee is 0.1%, using BNB becomes into 0.075%.

2. Handling fees for margin trading

Leveraged trading means that you pledge a margin to borrow currency from Binance to do a transaction. The so-called leveraged lending interest rate refers to what you have to pay when pledging the margin. Interest. (Interest on Binance is calculated hourly, and fractions of an hour are calculated as one hour)

Taking USDT as an example, the hourly interest rate is 0.0027%, which translates into a one-day interest rate of approximately 0.066%.

Taking BTC as an example, the daily interest rate is approximately 0.03%.

In addition, the leverage rate is floating and will be adjusted according to the market, so you need to pay more attention.

The rest of the transaction fees are similar to currency transactions, starting from Maker / Taker = 0.1000% / 0.1000%.

3. Handling fees for contract transactions: U-based, coin-based and mixed margin

The so-called contract trading refers to the purchase and sale of "a contract", and you will not obtain actual assets.

In Binance, there are two modes of contract trading, one is U-based and the other is currency-based.

• U standard: In the "USDT contract" mode, you must use USDT as a margin asset to conduct contract transactions.
• Coin Standard: In the "Coin Standard Contract" mode, you must use BTC or other cryptocurrencies supported by Binance as a margin to conduct contract transactions (just like you need to use various foreign currency settlements abroad) Account is the same).

The calculation of the two handling fees is the same as that of currency-to-crypto transactions, divided into maker and taker.

The slight difference is that basically the handling fees for currency-based transactions will be a little cheaper.

• Under the U standard, the lowest level of Maker/Taker is 0.0200%/0.0400%, which can also be discounted with BNB, and the discount is 9%.
• Under the currency standard, the lowest level of Maker/Taker is 0.0150%/0.0400%, but it cannot be discounted with BNB.

It can be seen that the cost of contract transactions will be higher than that of ordinary transactions, and the risks will also be relatively high.

In addition, there will be mixed margins in contract transactions. In the U-standard mode, you can mortgage your currency and borrow USDT from Binance to do transactions. For those who do not hold USDT, this is a possibility to consider. The way.

The hybrid margin mode allows you to directly mortgage cryptocurrency to conduct contract transactions without exchanging USDT first!

Currently, there are only two types of mortgage assets supported by hybrid margin: BTC and BUSD. In terms of interest rates, the lowest-level lending daily interest rate is 0.36%.

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