If you enter a price equal or higher than the best (lowest) sell price, it will be executed immediately and considered a taker order. When opening a long position, if your entry price is lower than the best (lowest) sell price, it will be a maker order once executed. If it is a taker order, you should use the taker fee rate to calculate your futures fees. To calculate the trading fee, we just need to divide 61.68 by 100 and then multiply it by 0.02.Īlternatively, you can also divide your position size in BTC or any other coin by 100 and then multiply it by the fee rate and lastly multiply it by your entry price: So we have a 61.68 USDT worth of long position.Īs you can see in the trade history above, our order was a maker order, so we were charged a 0.02% fee.
BINANCE FEES HOW TO
How to calculate this fee? It’s very simple.įirst you should multiply your position size (0.003) by your entry price (20560). Once our buy/long order is executed, we will be charged a trading fee of 0.01233600 USDT. We want to open a 0.003 BTC long position at the price of 20560 USDT as can be seen in the image below: Let’s say we are a regular user and charged a maker fee of 0.02% and a taker fee of 0.04% for USDT pairs. If you trade BUSD-margined contracts instead of USDT-margined ones, the trading fee will be even lower.
BINANCE FEES CODE
If you open / have opened your Binance Futures account using the code ”10indirim” and use BNB to pay for futures fees, you can pay almost 20% lower fees (10%+10%) on Binance Futures. You can’t use BNB to get a fee discount on COIN-M Futures trading fees. This fee discount only applies to USDS-M Futures. You can always transfer more BNB to your USDS-M Futures wallet when there is no or a small amount of BNB left in your wallet. If you run out of your BNB balance quickly and there is no BNB left in your USDS-M Futures wallet, you can’t pay fees with BNB and receive a 10% fee discount.
![binance fees binance fees](https://www.strategyfreaks.com/wp-content/uploads/2020/02/06-mm-cryptocurrency_0-750x430.jpg)
If you trade a lot and pay a lot of fees, you can transfer a certain amount of BNB accordingly to be able to cover your fees for some time. The amount of BNB that you need to transfer to your USDS-M Futures wallet to take advantage of this fee discount totally depends on your trading volume. If you trade BUSD-margined perpetual contracts instead of USDT-margined ones on Binance Futures, you can pay lower fees when opening and closing your positions.īUSD-margined contracts have a maker fee of 0.012% and a taker fee of 0.03%.īesides, you can transfer some BNB to your USDS-M Futures wallet and pay fees with BNB through which you can receive a 10% fee discount. You also need to hold a certain amount of BNB in your Binance account for each VIP tier.
BINANCE FEES UPGRADE
You can also upgrade to VIP 1 by trading 1M BUSD or more on the spot exchange and enjoy lower futures fees.
![binance fees binance fees](https://buyshares.co.uk/wp-content/uploads/2020/12/binance-debit-card-1024x415.png)
To upgrade your VIP level, you don’t necessarily need to make over 15 million BUSD futures trading volume.
![binance fees binance fees](https://i.redd.it/tlyd9ean6mg01.jpg)
The fee table below shows Binance USDS-M Futures fees which start at 0.02% and 0.04% for maker and taker orders respectively and lower depending on your VIP level.
![binance fees binance fees](https://cryptoaffiliate.io/wp-content/uploads/2021/05/1_wDH0hz9Lv6oTSBeg0JVLkQ.png)
If you already have a Binance account, you can use the code ”10indirim” when opening your Futures account on Binance and receive a 10% fee discount on futures trading fees. If you’re interested in futures trading but don’t have a Binance account yet, you can click the button below or use the referral ID ”WRYOO8BZ” to open your Binance account with a 20% fee discount: It’s usually harder for most users to understand and calculate Binance Futures fees considering the complexity of futures trading.īut it is really not that difficult to calculate Binance Futures fees, and the calculation can be done in a few simple steps which we will show you in this guide.īesides, we will show you how to reduce Binance Futures fees and pay lower futures fees by taking advantage of various Binance Futures fee discounts. Binance Futures consists of USDS-M Futures and COIN-M Futures and has a different fee structure for each of them.