What Are The Commissions In Binance Futures? How Are They Calculated?

Binance Futures offers various advantage; we need to underscore the importance of the fee schedule. This platform offers discount on transaction fees along with regular promotions. It also operates with a Maker/Taker fee structure determined according to the size of each cryptocurrency position.

It is crucial for investors to consider the fees of the trades they open and close while using the platform.

For Example:

If you make a BTC transaction of less than 250, the exchange will charge you a Maker fee of 0.020% when you open the transaction and a Taker fee of 0.040% when you close it. These fees change according to the size of the transaction position and are not related to leverage levels. Also, transaction fees on the Binance Futures platform are updated every day at 05:00 Turkey time.

Binance operates on a system that offers users varying commission rates and advantages. It determines users’ VIP levels based on factors like transaction volume and BNB balance. Each VIP level offers different commission rates and advantages. Here’s a detailed explanation of these VIP levels:

Standard Users:

For users with a Binance transaction volume less than 15,000,000 BUSD or a BNB balance of any value, Binance sets the USDT Maker/Taker rates at 0.0200% and 0.0400% respectively. When BNB applies a 10% discount, it lowers these rates to 0.0180% and 0.0360%.
The Maker/Taker rates for BUSD transactions are respectively 0.0120% and 0.0300%. When applying a 10% discount with BNB, the rates decrease to 0.0108% and 0.0270%.

VIP 1 Users:

For users with a Binance transaction volume over 15,000,000 BUSD and a BNB balance over 25, the USDT Maker/Taker rates are 0.0160% and 0.0400% respectively.
When a 10% discount is applied with BNB, these rates drop to 0.0144% and 0.0360%.
The Maker/Taker rates for BUSD transactions are respectively 0.0120% and 0.0300%. When a 10% discount is applied with BNB, these rates drop to 0.0108% and 0.0270%.

READ: Binance Adds Newly Listed Altcoin to Futures

VIP 2 Users:

For users with a Binance transaction volume over 50,000,000 BUSD and a BNB balance over 100, the USDT Maker/Taker rates are 0.0140% and 0.0350% respectively.
When a 10% discount is applied with BNB, these rates drop to 0.0126% and 0.0315%.
The Maker/Taker rates for BUSD transactions are respectively 0.0120% and 0.0300%. When BNB applies a 10% discount, it reduces these rates to 0.0108% and 0.0270%.

VIP 3 Users:

For users with a Binance transaction volume over 100,000,000 BUSD and a BNB balance over 250, the USDT Maker/Taker rates are 0.0120% and 0.0320% respectively.
When BNB applies a 10% discount, it reduces the rates to 0.0108% and 0.0288%.
The Maker/Taker rates for BUSD transactions are respectively 0.0120% and 0.0300%. When BNB applies a 10% discount, it reduces these rates to 0.0108% and 0.0270%.

VIP 4 Users:

For users with a transaction volume over 600,000,000 BUSD and a BNB balance over 500 on the Binance Futures platform, the USDT Maker/Taker rates are 0.0100% and 0.0300% respectively.
When BNB applies a 10% discount, it reduces the rates to 0.0090% and 0.0270%.
The Maker/Taker rates for BUSD transactions are respectively 0.0100% and 0.0300%. When BNB applies a 10% discount, it lowers these rates to 0.0090% and 0.0270%.

Binance offers investors different levels of advantages to earn more. However, always prioritize risk management and evaluate your financial situation carefully when making investments. The services and advantages offered by Binance aim to help a wide range of investors succeed in the cryptocurrency market.

Understanding the fee structure and staying updated on the Binance Futures platform’s transaction fees is crucial for helping investors make more informed and effective transactions. Therefore, it is important to regularly check the fee policies and updates before using the platform.

READ: Stablecoin Agreement: Mitsubishi Agreed with Binance!

DISCOUNT

You can access the 10% Commission Discount link on Binance Futures here. If you are new to Binance, you can register here for a 20% Commission Discount.

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