Binance Discounts 2025: Your Complete Guide to Saving on Cryptocurrency Trading Fees

If you're into cryptocurrency trading, you've almost certainly heard of Binance. Since 2017, this global cryptocurrency exchange has become one of the world's largest and most trusted platforms, serving over 13.5 million users worldwide. But here's the thing—most traders are paying more in fees than they need to. Binance offers several legitimate ways to reduce your trading costs, and if you're not taking advantage of them, you're literally leaving money on the table.

Let me be honest: I'm naturally skeptical about cryptocurrency exchanges. The industry has had its fair share of scandals, hacks, and regulatory issues. But Binance has managed to build a legitimate business by offering competitive fees, robust security, and innovative features. And more importantly, they offer real, tangible ways to save money on trading fees.

So, let's dive into everything you need to know about Binance discounts, how to reduce your trading fees, and whether it's worth your time (spoiler alert: if you're trading crypto, it almost certainly is).

The BNB Fee Discount: 25% Off Trading Fees

Here's the biggest money-saving opportunity on Binance: pay your trading fees with BNB (Binance Coin) and get a 25% discount. This is not a gimmick—it's a legitimate discount that can save you significant money over time.

How It Works:

• Regular trading fees: 0.1% (maker/taker)
• With BNB discount: 0.075% (maker/taker)
• That's a 25% reduction on every trade

The Math: If you're trading $10,000 worth of crypto:

• Without BNB discount: $10 fee
• With BNB discount: $7.50 fee
• Savings: $2.50 per trade

If you're an active trader making 10 trades per month at $10,000 each, that's $25 saved per month, or $300 per year. For high-volume traders, the savings can be substantial.

How to Enable It:

1. Log into your Binance account
2. Go to your account settings
3. Enable "Use BNB to pay for fees"
4. Make sure you have BNB in your account

The BNB fee discount is automatic once enabled, so you don't need to think about it—every trade will automatically use BNB for fees and apply the discount. This is one of the easiest ways to save money on Binance, and there's no reason not to use it.

Standard Trading Fees: Understanding the Basics

Before we dive into discounts, let's understand Binance's standard fee structure:

Regular Users:

• Maker/Taker fees: 0.1% / 0.1%
• With BNB discount: 0.075% / 0.075%

What's a Maker vs. Taker?

• Maker: You place an order that adds liquidity to the order book (limit orders that don't immediately fill)
• Taker: You place an order that removes liquidity from the order book (market orders or limit orders that immediately fill)

For regular users, both maker and taker fees are the same (0.1%), so you don't need to worry about the distinction unless you're a high-volume trader.

Other Fees:

• Deposit fees: 0% (Binance doesn't charge deposit fees for cryptoasset deposits)
• P2P GBP fees: Currently 0%
• Withdrawal fees: Vary by cryptocurrency (check the fee schedule)

The fact that Binance doesn't charge deposit fees is actually a nice perk—many exchanges do, so this is a genuine cost savings.

VIP Tiers: Lower Fees for High-Volume Traders

If you're a serious trader, Binance offers VIP tiers that can significantly reduce your trading fees. Here's the breakdown:

VIP 1:

• Requirements: ≥ $1,000,000 USD in 30-day trade volume AND ≥ 25 BNB balance
• Fees: 0.0900% / 0.1000% (maker/taker)
• With BNB discount: 0.0675% / 0.0750%

VIP 2:

• Requirements: ≥ $5,000,000 USD in 30-day trade volume AND ≥ 100 BNB balance
• Fees: 0.0800% / 0.1000%
• With BNB discount: 0.0600% / 0.0750%

VIP 3:

• Requirements: ≥ $20,000,000 USD in 30-day trade volume AND ≥ 250 BNB balance
• Fees: 0.0400% / 0.0600%
• With BNB discount: 0.0300% / 0.0450%

The VIP tiers continue up to VIP 9, with progressively lower fees for higher trade volumes. The fees and benefits from any VIP program apply universally to all Binance products, which is nice—you don't need separate VIP status for different products.

Is VIP Status Worth It? For most regular traders, VIP status isn't realistic—you'd need to trade millions of dollars per month. But if you're a high-frequency trader or institutional investor, the fee reductions can be significant. The key is that trade volume includes all Spot volumes from Spot, Margin, Convert, Copy Trading, and Trading Bots, so you can combine different trading activities to reach VIP thresholds.

The Referral Program: Earn While You Trade

Binance has a referral program that's actually worth using, especially if you're introducing friends to cryptocurrency trading. Here's how it works:

For You (The Referrer):

• Earn commissions when your referrals trade
• Spot trading: Lifetime commissions (they don't expire)
• Futures trading: Commissions for the first year
• Rewards received from commissions do not expire

For Your Friend (The Referee):

• They get the same trading experience
• No additional fees or disadvantages
• They can use your referral code during sign-up

How to Use It:

1. Log into your Binance account
2. Hover over the account button at the top of the page
3. Click "Referral"
4. Copy your referral link or code
5. Share it with friends

On the App:

1. Open the Binance app
2. Click on "Home"
3. Click "My Referral ID"
4. Copy your referral link or code

The referral program is straightforward, and the lifetime commissions for Spot trading make it genuinely valuable if you can refer active traders. The commissions are a percentage of the trading fees your referrals pay, so the more they trade, the more you earn.

Maximizing Your Binance Savings: A Strategic Approach

Alright, let's get practical. Here's how to actually save money on Binance:

1. Always Use BNB for Fees

• This is the easiest and most important step
• Enable "Use BNB to pay for fees" in your account settings
• Keep some BNB in your account to cover trading fees
• You'll automatically save 25% on every trade

2. Use a Referral Code When Signing Up

• If you're new to Binance, use a referral code
• You'll help someone earn commissions (which is nice)
• There's no downside for you—you pay the same fees either way

3. Consider VIP Status (If You're a High-Volume Trader)

• If you're trading millions per month, VIP status can save significant money
• Combine different trading activities to reach VIP thresholds
• Remember that BNB discount stacks with VIP discounts

4. Understand Maker vs. Taker Fees

• For regular users, both are the same (0.1%)
• For VIP users, maker fees are often lower
• If you're a high-volume trader, consider using limit orders to get maker fees

5. Take Advantage of Zero-Fee Options

• P2P GBP transactions are currently 0% fees
• No deposit fees for cryptoasset deposits
• Use these features when they make sense for your trading strategy

6. Monitor Your Trading Volume

• If you're close to a VIP threshold, you might be able to reach it with a bit more trading
• Track your 30-day trade volume to see where you stand
• Remember that all Spot volumes count toward VIP status

The Fine Print: What You Need to Know

Before you start trading, here are some important things to understand:

Fee Structure:

• Trading fees are charged on every trade
• Fees are deducted from your account balance
• BNB discount is automatic once enabled (if you have BNB)

VIP Requirements:

• 30-day trade volume is calculated in USD equivalent
• You need both trade volume AND BNB balance for VIP status
• VIP status applies to all Binance products

Referral Program:

• Spot trading commissions are lifetime (they don't expire)
• Futures trading commissions are for the first year only
• Commissions are a percentage of trading fees paid by your referrals

Risk Warnings:

• Trading cryptocurrencies involves significant risk
• You can lose all the money you invest
• This is a high-risk investment
• Not suitable for all investors

Regulatory Considerations:

• Binance services vary by jurisdiction
• Some services may not be available in your country
• Check local regulations before trading

Is Binance Worth It? A Realistic Assessment

Let me give you my honest take: Binance is worth it if you're serious about cryptocurrency trading. Here's who should use it:

Good Fit:

• Active cryptocurrency traders
• People who want low trading fees
• Traders who want access to a wide range of cryptocurrencies
• Users who want advanced trading features
• People comfortable with cryptocurrency exchanges

Not a Good Fit:

• Complete beginners (start with smaller exchanges or educational resources)
• People who want maximum regulatory protection
• Users who prefer traditional financial institutions
• Anyone uncomfortable with cryptocurrency risks

The key is to use the discounts strategically. The 25% BNB fee discount is a no-brainer—there's no reason not to use it. The referral program is nice if you can refer active traders. And VIP status is valuable if you're a high-volume trader, though it's not realistic for most people.

Tips for First-Time Binance Users

If you're new to Binance, here's my advice:

1. Use a Referral Code: Help someone earn commissions (and there's no downside for you)
2. Enable BNB Fee Discount: This is the easiest way to save money
3. Start Small: Don't invest more than you can afford to lose
4. Understand the Risks: Cryptocurrency trading is high-risk
5. Complete Verification: You'll need to verify your account for full access
6. Enable 2FA: Use two-factor authentication for security
7. Learn the Platform: Take time to understand how Binance works
8. Start with Spot Trading: Don't jump into futures or margin trading immediately

The Bottom Line: Should You Use Binance?

Here's my take: If you're going to trade cryptocurrency, Binance is one of the best options available. The trading fees are competitive (especially with the BNB discount), the platform is robust, and the features are comprehensive.

The 25% BNB fee discount is genuinely valuable—it's not a marketing gimmick, it's real money saved on every trade. For active traders, this can add up to hundreds or thousands of dollars per year.

The referral program is straightforward and beneficial for both parties. If you're introducing friends to cryptocurrency trading, using your referral code helps you earn commissions while they get the same trading experience.

VIP status is valuable for high-volume traders, though it's not realistic for most people. But if you're trading millions per month, the fee reductions can be significant.

The key is to be strategic. Enable the BNB fee discount (there's no reason not to), use referral codes when appropriate, and understand the fee structure so you're not surprised by costs.

Final Thoughts: A Hopeful but Realistic Perspective

Look, I get it. Cryptocurrency trading is risky, and the industry has had its share of problems. But Binance has managed to build a legitimate business by offering competitive fees, robust security, and innovative features. The discounts are real, the platform is functional, and if you're going to trade crypto anyway, you might as well do it on a platform that offers ways to reduce your costs.

The 25% BNB fee discount is the easiest win—just enable it and you'll save money on every trade. The referral program is nice if you can refer active traders. And VIP status is valuable if you're a high-volume trader.

But remember: the best way to save money on trading fees is to trade less. Don't let low fees encourage you to overtrade. Cryptocurrency trading is risky, and you can lose money. The discounts are nice, but they don't eliminate the risks.

So, if you're ready to trade cryptocurrency, Binance is worth checking out. Use the BNB fee discount, understand the fee structure, and trade responsibly. The discounts are real, the platform is solid, and if you're strategic about it, you can reduce your trading costs significantly.

And remember: in a world full of high trading fees and hidden costs, having a platform that offers legitimate ways to reduce fees is refreshing. Binance makes that possible, and that's worth something. So go ahead, enable the BNB discount, use referral codes when appropriate, and trade responsibly. The savings are real, and in 2025, every bit helps.

That's the real value of Binance discounts—not just saving money, but having a platform that's transparent about fees and offers legitimate ways to reduce them. And in the cryptocurrency world, that transparency is worth more than you might think.