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Are there any hidden costs on Binance ?
If you use Binance to buy, sell or exchange cryptocurrencies, you have surely already asked if Binance has hidden costs . The rapid response is no, Binance is transparent on its costs and is even among the most competitive on the market , but certain costs may be misunderstood or appear in specific situations.
In this article, we will analyze in depth all the costs applied by Binance , identify those which are sometimes poorly perceived and give you strategies to reduce your costs as much as possible . Whether you are an experienced beginner or trader, knowing these details can avoid unpleasant surprises.
Table of contents
Trading expenses displayed on Binance depending on the VIP level
Binance applies a decreasing pricing structure as a function of the volume of trading BNB balance held. The more you trade, the more your costs decrease. Here is the table detailing the spot trading costs according to your VIP level:
| Level | 30 -day trading volume (USD) | BNB balance | Maker / Taker | Maker / Taker Fresh (with BNB) |
|---|---|---|---|---|
| Standard user | <1,000,000 USD | ≥ 0 BNB | 0,1000% / 0,1000% | 0,0750% / 0,0750% |
| VIP 1 | ≥ 1,000,000 USD | ≥ 25 BNB | 0,0900% / 0,1000% | 0,0675% / 0,0750% |
| VIP 2 | ≥ 5,000,000 USD | ≥ 100 BNB | 0,0800% / 0,1000% | 0,0600% / 0,0750% |
| VIP 3 | ≥ 20,000,000 USD | ≥ 250 BNB | 0,0400% / 0,0600% | 0,0300% / 0,0450% |
| VIP 4 | ≥ 75,000,000 USD | ≥ 500 BNB | 0,0400% / 0,0520% | 0,0300% / 0,0390% |
| VIP 5 | ≥ 150,000,000 USD | ≥ 1,000 BNB | 0,0250% / 0,0310% | 0,01875% / 0,02350% |
| VIP 6 | ≥ 400,000,000 USD | ≥ 1,750 BNB | 0,0200% / 0,0290% | 0,0150% / 0,02175% |
| VIP 7 | ≥ 800,000,000 USD | ≥ 3,000 BNB | 0,0190% / 0,0280% | 0,01425% / 0,0210% |
| VIP 8 | ≥ 2,000,000 USD | ≥ 4,500 BNB | 0,0160% / 0,0250% | 0,0120% / 0,01875% |
| VIP 9 | ≥ 4,000,000 USD | ≥ 5,500 BNB | 0,0110% / 0,0230% | 0,008250% / 0,017250% |
➡ Explanation of costs:
- Frais Maker : When you place a limit order which adds liquidity to the order book.
- Frais Taker : when you place an order to the market which removes liquidity immediately.
- Reduction with BNB : by paying your trading costs with the BNB , you benefit from a reduction of up to 25 % on standard costs.
How to reduce your Binance costs by paying them in BNB ?
- Go to Settings:
- Go down to the Trader tab and deduction of costs:
- Make sure you have BNB on the account and activate the option:
Spread as fresh hidden on Binance ? Does it really exist?
Binance being an exchange based on a order book , you interact directly with other traders without Binance on pricing. In theory, this means that you buy and sell at the prices available in the order book, which eliminates in very large party the taxable spread .
However, the Spread can exist in certain situations :
- Low liquidity : On less popular pairs (example: an ltc oin against USDT ), the difference between purchase and sale orders can be significant. You will therefore pay more than expected by performing an order at the market.
- Extreme volatility : in periods of strong volatility, the prices displayed may vary quickly, temporarily increasing the spread perceived during the execution of an order.
- Instant conversions : If you use the "Convert" option instead of the Spot market, Binance applies an internal rate that can include an implicit Spread.
➡ How to avoid a high spread on Binance ?
✔ Always check the order book before placing an order.
✔ Favor pairs with high liquidity such as BTC / USDT , ETH / USDT or BNB / USDT .
✔ Place limit orders rather than orders on the market to control your execution price.
By understanding these aspects, you can optimize your trading costs on Binance and avoid any "unpleasant surprises".
More information here
Deposits and withdrawals: Variable costs depending on the method used
Crypto deposits on Binance Binance free , but deposits in euros via certain means of payment cause costs.
| Deposit method | Costs |
|---|---|
| SEPA transfer | 1 € |
| Bank card (visa, mastercard) | 1,8 % |
| Crypto deposit | Free |
👉 The trap? Many users think that putting euros on Binance is free. This is not the case even if the costs by SEPA transfer are casi-aging.
Withdrawal costs: a surprise for some users
The withdrawal costs vary according to the crypto and the state of the blockchain . Binance cryptos to another portfolio , Binance adjusts the costs according to the congestion of the network at the time of withdrawal.
| Crypto | Average withdrawal costs |
|---|---|
| Bitcoin (BTC) | 0.00003 BTC |
| Ethereum (ETH) | 0.0008 ETH |
| USDT (ERC-20) | 3 USDT |
| BNB (BSC) | 0,00015 BNB |
💡 Tip: Favor Blockchain networks with reduced costs if possible, such as Binance Smart Chain (BSC), Solana or Base instead of Ethereum .
Conversion fees on Binance : a cost that can be interpreted as hidden costs
If you use Binance Convert to exchange a crypto for another , no direct trading expenses are applied, the transaction costs displayed are generally 0 . But there is a Spread , which varies according to the liquidity of the market.
Example :
- You exchange flow for axeclar
- In your conversion it is well displayed that the transaction costs are 0 axl
- However, there is a difference between the equivalent amount in departure euros and the equivalent in euros of arrival. This is due to the spread dependent on the liquidity of the market. These are fairly low costs which can become substantial if you make regular exchanges.
The Binance card: sometimes forgotten costs
The Binance Visa card allows you to pay in crypto worldwide. Binance does not charge any transaction costs , but there are three potential costs that users underestimate:
- Automatic conversions : When you pay in BTC , Binance converts it to euros, with a Spread.
- Distributors withdrawal costs : 0.1 to 0.9 % of the amount withdrawn.
- Third -party costs : Some banking establishments apply additional costs.
💡 Tip: Always check the conversion rate before payment with your Binance card .
How to minimize these "hidden costs" on Binance ?
The best strategies to reduce your costs:
✔ Use a SEPA transfer instead of a bank card to deposit euros.
✔ Use BNB to pay for your trading costs and benefit from a 25 %reduction.
✔ Favor the limit orders on the order book to avoid the spreading of "at the market" orders
✔ Select the right network for your crypto withdrawals (e.g. BSC rather than HERC-20).
✔ Exchange on the pairs of the Spot order book rather than on Binance Convert
Bitvavo: an even more transparent alternative on spreats and fresh
If the question of hidden costs on Binance worries you, Bitvavo presents itself as a more transparent alternative, in particular with regard to spreats. Unlike Binance , where the Spreade can vary depending on the liquidity of the pairs and is not always clear before the execution of the order, Bitvavo adopts a more explicit approach.
When you place an order on Bitvavo , the platform displays the Spread applied directly before the validation of the transaction. This allows users to have total visibility on the difference between the purchase price and the sale price, which is particularly useful for avoiding unpleasant surprises during instant conversions.
Conclusion: Does Binance really have hidden costs?
Binance does not practice "hidden costs" strictly speaking , in the sense that its tariff grid is displayed on its site and that the main costs (trading costs, withdrawals, deposits) are clearly indicated. However, certain costs may be less obvious to uninformed users: Spreads on instant conversions, variations in withdrawal fees depending on the congestion of the network, or the indirect costs linked to the use of the Binance . Binance nevertheless remains a platform with the costs among the low market Splus. To compare everything, we invite you to consult our article Comparison of trading costs of the main cryptocurrency exchange platforms and our detailed comparison of costs between Binance and Coinbase .
Nevertheless, if you place Market orders on the very liquid pairs' order book, the Spread will be Casi-Anexisant to see zero. It will be completely zero if you place limit orders.
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Yohan Uzzan
Training engineer, I quickly became interested in the field of finance. Convinced that decentralized finance has a bright future ahead of it, I participate in its democratization by developing Crypternon.
