Binance Saving Tips: Here is a full guide on how you can save 45% on your Binance fees for life. Just follow the step-by-step instructions and receive a 45% discount on your trading fees.
Binance is the most popular crypto trading platform and also has some of the lowest fees. But if you want even lower fees on Binance, then you’ve come to the right place. Here’s a guide on how you can save an additional 45% Binance discount on your Binance fees.
Save on Binance Fees
We will show you here how to get up to 45% discount on your Binance transactions in 3 easy steps. Transaction fees on the major crypto platforms can be very high. So why not save on your fees with these simple tricks.
How much are fees on Binance?
Binance charges a 0.1% trading fee for spot trades, which is quite a bit lower than many other crypto exchanges. Transactions made with BNB can save an additional 25% on Binance fees.
Which is cheaper: Binance or Coinbase?
The difference in fees between Binance and Coinbase is pretty significant. Overall, Binance charges much less for trading cryptocurrencies as well as for transferring them to your account. Coinbase charges users an average flat fee of about 0.50% per transaction. At Binance, this is only 0.1%.
How can I pay less fees on Binance?
To lower your trading fees on Binance, you should always have some Binance Coin (BNB) in your account so that your fees can be deducted from it. If you do this, you will get a 25% discount on all trading fees right off the bat.
And with this guide, you can save even more:
How to save 45% on your Binance trading fees: Step-by-Step
Alright, we are here to save you money so now let’s begin. With these simple steps you will be able to avoid high trading fees. They are easy to implement and the savings are for life.
Step 1: Use a Binance discount code to receive 20% off
First, you need to create a new Binance account with a 20% discount code. With this code, you will already receive a 20% discount on all your trades. We are almost halfway there.
If you don’t have a Binance discount code yet you are welcome to use ours: RHDQZ7SC
Or sign up for Binance using this link.
Step 2: Pay all your trading fees with BNB
Since Binance wants to increase the usage of its own cryptocurrency BNB, it has incentivized all transactions settled in BNB. Therefore, you should pay all your transaction fees with BNB. This way, you’ll save another 25%.
In order to process all transactions with BNB, you need to set this up beforehand on the account dashboard on Binance.
Step 3: Buy and hold a small amount of BNB Coin
With these two steps, you will already save 45% on all your Binance transactions.
To process your transactions with BNB, you first need to buy some BNB. You can either do this via your credit card, but this will incur relatively high fees. Or you can do this via the Binance peer-to-peer network to save on fees again:
- Buy USDT on Binance P2P
- Transfer your USDT from the P2P platform to your Binance SPOT wallet.
- Convert your USDT to BNB
This way you will avoid the high credit card fees of Binance. You won’t need much BNB unless you plan to do a large amount of transactions.
I hope our crypto saving tip for Binance helped you. With your BNB, you can now buy all cryptocurrencies on Binance for cheap. The exchange offers a wide range of cryptocurrencies and gives you many options to trade in different ways. Thus, it is a great trading platform for both beginners and experienced traders.
If you trade a lot with your Binance account with BNB you have the possibility to unlock even more discounts and bonus tokens.
Enjoy your discount. And good luck with your trading.
If you have any other tips on how to save money on crypto trading, feel free to email us.
Pascal is a passionate entrepreneur and one of the founders at Blockzeit. As a crypto and blockchain enthusiast his goal is to bring more transparency into the blockchain industry.