How to Get Binance Fee Discounts & Guide to Referral Codes

We’ve put together a complete guide on Binance fee discounts and referral codes. All referral code and fee-related details are regularly updated.

Summary of Binance Fee Discount Methods

Summary of Binance Referral Code

Sign up on Binance with a referral code, you can receive 20% discount on trading fees

Summary of Binance Fee Discount Methods

There are four main ways to get fee discounts on Binance.
All methods can be combined for maximum benefit.

• For details, please refer to the information below.

(Fee Discount Method 1) Binance Referral Code

What is a Binance Referral Code?

A Binance referral code is a discount code you can enter when signing up on Binance to receive fee discounts. It’s also referred to as a “Binance fee discount code,” “Binance invite code,” or “Binance recommender code.”

One of the most popular Binance referral codes is “NIN0HCNC”.
[Source: Binance]

Binance Referral Code

How you sign up from the beginning determines whether you’ll receive lifetime fee discounts.

When you sign up on Binance with a referral code, you can receive a lifetime 20% discount on trading fees.

• Clicking the code above will automatically apply the referral code. Feel free to use it.
• The 20% discount from the referral code is not deducted at the time of each trade, but instead automatically deposited to your USDT account every hour.

Referral Code Fee Discount

• Fee rates including VIP discounts can be found at [VIP Trading Fee Discounts].

(Fee Discount Method 2) Pay Fees with BNB

What is Binance Coin (BNB)?

Binance Coin (BNB) is the native token issued by the Binance trading platform and is abbreviated as BNB.
When you pay your trading fees with BNB, you can get a 25% discount on fees.

Fee Discounts When Paying with BNB

• For fee rates including VIP discounts, see [VIP Trading Fee Discounts].

(Fee Discount Method 3) Binance VIP Level Upgrade

What Is Binance VIP Level?

The Binance VIP program offers tiered trading fee discounts to users who have high spot and margin trading volumes or large BNB balances.

Your VIP level is calculated based on your combined spot and margin trading volume, and depending on your level, you’ll receive corresponding fee discounts for spot and margin trades.

(Spot & Margin Trading) VIP Level Fee Discounts

As shown in the table below, Binance offers multiple VIP levels, and the fee discount rate increases with each level.

(Spot & Margin Trading) VIP Level Requirements

Your VIP level is determined if you meet either of the following criteria based on your BNB balance or 30-day spot & margin trading volume.

(Spot/Margin Trading) VIP Level Trading Fees

Once you reach a VIP level, your maker and taker fees for spot and margin trading will be automatically applied based on the table below.

(Spot/Margin Trading) Referral Code + VIP Level Fees

If you registered using a [Binance Referral Code], you’ll receive an additional 20% rebate on your VIP spot trading fees.

• The rates shown above are rounded for easier reference and may slightly differ from the actual applied fees.

(Futures Trading) VIP Level Fee Discounts

Since futures trading typically involves significantly higher volumes than spot trading, Binance provides more favorable benefits to users engaging in leveraged futures trading.

(Futures Trading) VIP Level Requirements

A user only needs to meet one of the following conditions—either the required BNB balance or the 30-day futures trading volume—to qualify for a corresponding VIP level.

(Futures Trading) VIP Level Fees

When you become a VIP, maker and taker fees for futures trading are automatically adjusted as shown in the table below.

(Futures Trading) Referral Code + VIP Fee Discounts

If you sign up using a [Binance Referral Code], you’ll receive an additional 20% rebate on VIP-level futures fees.

• The fees shown are rounded for convenience and may differ slightly from actual rates.

(Fee Discount Method 4) Spot Trading via Futures Market

As you can see from the [Binance Fee Types], futures trading fees can be up to 80% cheaper than spot trading fees.

• Futures maker fees are up to 80% lower than spot maker fees.
• Futures taker fees are approximately 50% lower than spot taker fees.

Even if you primarily use spot trading, if you want to benefit from lower fees, you should consider using the futures market.

While leveraged futures trading (e.g. 2x, 5x) comes with liquidation risks, using 1x leverage (no leverage) allows you to trade in the same way as spot trading — but with significantly lower fees and no liquidation risk.

In other words, you can enjoy the lowest possible fees while maintaining the safety and simplicity of spot trading by using 1x leverage futures trading.

Of course, there is a downside: the number of coins available in the futures market is more limited compared to the spot market. So if your desired trading pair isn’t available on the Binance futures market, you’ll need to stick with spot trading.
However, if your coin is supported in the Binance futures market, we highly recommend trying 1x leverage trading as a cost-saving alternative.

Types of Binance Fees

Binance charges various types of fees, such as trading fees, position maintenance fees, and asset transfer fees. Understanding all fee types is essential to avoid unexpected costs and to manage your assets efficiently.

Trading Fees

Binance trading fees refer to the fees incurred when trading cryptocurrencies on the Binance exchange.

There are three types: spot trading fees, margin trading fees, and futures trading fees. The fees also vary depending on whether you’re using a maker (limit order) or taker (market order) strategy.

• You can reduce these trading fees through the [Binance Fee Discount Methods].

Position Maintenance Fees

Binance position maintenance fees are charged when a position is held for a certain period of time. When holding a margin position, interest is charged on borrowed funds. When holding a futures position, funding fees are applied.

• Margin loan interest is the borrowing interest charged by Binance for funds used in margin trading.
• Futures funding fees are costs incurred for holding a futures position and may be paid or received depending on market conditions.

Asset Transfer Fees

Binance asset transfer fees refer to charges incurred when depositing, withdrawing, or swapping (converting) assets. There are three types of fees: deposit, withdrawal, and swap fees.

• Binance deposit and withdrawal fees apply when transferring assets to and from Binance from another exchange or wallet.
• Binance coin swap fee is charged when directly exchanging one coin for another without using the trading platform.

Binance Futures Fee Types

As briefly mentioned in the [Binance Fee Types] section, understanding the structure of futures fees is essential for trading safely and efficiently.

This section provides a more detailed breakdown of Binance futures fees. For a deeper dive into discount strategies, visit [Binance Futures Fee Calculation Guide].

Futures Trading Fees

Futures trading involves contracts to buy or sell assets at a predetermined price at a future date, rather than immediate asset purchases.

These trades are standardized and conducted through exchanges. Investors take a long (buy) position if they expect the price to rise or a short (sell) position if they expect it to fall.

The fees incurred during these trades are referred to as futures trading fees.

Futures Leverage Fees

What Are Leverage Fees?

One key distinction between futures and spot trading is the use of leverage. Leverage trading allows you to invest with more than your actual capital—for example, trading ₩10,000,000 with just ₩1,000,000 using 10x leverage.

In this case, trading fees are calculated based on the full position size, not just the initial margin. As a result, the higher the leverage, the greater the fee burden.

Although commonly referred to as a “leverage fee,” this term actually describes the increased cost effect due to leverage—it is not an additional or separate fee charged based on the leverage multiplier.

Futures Leverage Fee Table

The table below shows how trading fees increase relative to your actual capital depending on leverage. The rates shown are based on *initial margin*, not the total leveraged position.

• Binance supports up to 125x leverage on futures, but available leverage may vary by coin.

Futures Leverage Fees (With Referral Code)

By entering a [Binance Referral Code] when signing up, you can receive an additional 20% rebate on standard futures leverage trading fees.

• The fee rates in the table are rounded for readability and may slightly differ from actual rates.

Binance Futures Funding Fees

What is a Funding Fee?

A funding fee is a charge exchanged between traders holding long (long) and short (short) positions in futures trading. This fee is not paid to the exchange, but rather exchanged between users to maintain balance in the market.

• If long positions outnumber short positions → long traders pay funding fees to short traders
• If short positions outnumber long positions → short traders pay funding fees to long traders

Funding is automatically settled at set intervals, so it’s a fee to be aware of if you hold positions for extended periods.

Funding Fee & Settlement Times

• The funding rate fluctuates continuously based on the ratio of buyers to sellers.
• Funding fees are only charged at the exact settlement times. No fees are exchanged outside these times, even if a rate is displayed.

Types of Binance Margin Fees

What Is Margin Trading?

Margin leverage trading is a method where you borrow additional funds from the exchange to trade with more capital than you currently own.

Margin Trading Fees

Margin trading fees refer to the costs incurred when engaging in margin trading. On Binance, margin trading fees are the same as spot trading fees.

Although margin trading involves borrowing a portion of the investment amount using leverage, the borrowed funds are not part of your original capital. Therefore, fees should be calculated based on your actual capital, not the total trade amount.

Margin Trading Fee Table

The following table outlines the margin trading fees relative to your actual capital (not the total leveraged trade amount):

Margin Trading Fees (with Referral Code)

If you registered using a [Binance Referral Code], you can receive an additional 20% rebate on standard margin leverage trading fees.

• The fee rates shown are rounded for readability and may slightly differ from the actual applied rates.

Margin Loan Interest Fees

Binance margin trading allows users to borrow additional funds beyond their own assets to trade with greater capital. Interest is charged on the borrowed amount—this is referred to as the margin loan interest fee.

Binance Asset Transfer Fees

Binance Deposit Fees

Binance deposit fees refer to the fees incurred when transferring cryptocurrency from another exchange to Binance.

Binance does not charge any deposit fees.

Binance Withdrawal Fees

Binance Withdrawal Fees

Binance withdrawal fees refer to the costs incurred when sending cryptocurrency from Binance to another exchange.

Binance itself does not impose a withdrawal fee. However, when transferring crypto to another exchange, a network fee is applied depending on the specific coin.

Coin Network Fees

Coin network fees are rewards paid to blockchain nodes (miners or validators) for verifying and processing transactions, and are typically incurred during deposits and withdrawals.

The table below shows the network fees for the most commonly used coins when withdrawing from Binance.

Since the number of transactions that can be included in a block is limited, network fees fluctuate depending on network congestion. Always check the latest fee information on Binance before proceeding with a withdrawal.

• Check all Binance coin network fees (latest version)

Binance Coin Swap Fees

Coin Swap Fee

Coin swap fees are incurred when directly exchanging one cryptocurrency for another without placing buy/sell orders through the market.

The fee for swapping cryptocurrencies on Binance is 0.1%, which is similar to the standard spot trading fee.

However, normally to switch from one coin to another, you’d first sell your existing coin to obtain a stablecoin like USDT, then use it to buy the new coin — incurring two trading fees.

With swaps, this entire process is consolidated into a single transaction, effectively cutting the total fee by around 50%.

Why Trading Is Recommended Over Swapping

Although swap fees are about 50% cheaper by structure, trading is generally recommended over swapping for the following reasons:

• Swap fees are not eligible for discounts. Trading fees, on the other hand, can be discounted up to 90% using the [Fee Discount Methods] mentioned above — even if you are not a VIP level user. So despite the lower base swap fee, discounted trading fees may still be cheaper overall.
• If you swap low-volume or highly volatile assets, it may be difficult to execute your trade at your desired price. Since swaps are executed at the best available price from the order book, it’s more prone to slippage. Slippage refers to the difference between the expected price of a trade and the actual price at which it is executed. For example, if you intend to buy Bitcoin at 10 million KRW but there are no sellers at that price, you might end up paying 10.2 million KRW — the 200,000 KRW difference would be considered slippage.

Binance Fee Frequently Asked Questions (FAQ)

Here are the most frequently asked questions regarding Binance fees.
Click on a question below to see the full answer.

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Bitsave provides cryptocurrency information. It does not constitute investment advice or financial consulting. All investment decisions and responsibilities lie solely with the user.