Binance offers multiple ways to lower your trading fees. The key is knowing what's available, how to claim each one, and whether they can be combined. Here's everything in one place.
Referral Code Discount: Lock It In at Signup
This is the easiest discount to get — and the easiest to miss. Signing up with a referral code or referral link gives you a long-term trading fee discount (typically a 10%–20% rebate on fees).
The critical point: referral codes can only be entered during registration — you cannot add one after your account is created. If you haven't signed up yet, make sure to register through a referral link so you get the discount from your very first trade.
BNB Fee Deduction: One Toggle, 25% Off
Turn on "Use BNB to Pay for Fees" in your account settings, and your spot trading fees are instantly reduced by 25%. You just need to have some BNB in your account.
How to enable: App → Profile icon → Account Settings → Find the "BNB Deduction" toggle → Turn it on. It's also a good idea to buy a small amount of BNB (around 50–100 USDT worth) to make sure you don't run out.
VIP Tier Benefits: Earned Naturally Through Volume
The higher your Binance VIP level, the lower your base fee rates. VIP tiers are calculated automatically based on your 30-day trading volume or BNB holdings — no manual application needed. If your monthly trading volume exceeds 1,000,000 USDT or you hold 25+ BNB, the system will automatically upgrade you to VIP 1.
Promotional Events: Keep an Eye Out
Binance regularly runs limited-time promotions, such as zero fees on specific trading pairs or futures fee rebates. Follow the banner announcements on Binance's App homepage or their official social media accounts to stay in the loop.
How Multiple Discounts Stack
The good news is that these discounts can all be active at the same time:
- The referral code discount rebates a portion of your total fees
- The BNB deduction applies a 25% discount on top of that
- VIP tier benefits reduce the base fee rate itself
Here's an example: suppose the VIP 0 rate is 0.1%. Enabling BNB deduction brings it to 0.075%. Adding a 20% referral rebate results in an effective cost of about 0.06% — nearly half of the default 0.1%.
With all these discounts stacked, your trading costs on Binance will be extremely competitive among all major exchanges.