💸 DO NOT PAY MORE! Quick Guide to Reduce Your Trading Commissions on Binance
Hello, smart traders! We want you to keep the largest portion of your profits, not the exchange. That's why today we will see 3 simple tricks to reduce what you pay in commissions on Binance.
1. 🥇 Use LIMIT Orders (Be a "Maker")
This is the easiest and most profitable way (we saw the difference in Part 3):
"Takers": You place a Market Order that executes immediately. You are in a hurry and pay the highest commission.
"Makers": You place a Limit Order and wait for the market to come to you. You are adding liquidity to the order book, and Binance rewards you with lower commissions.
Golden Rule: Whenever possible, use Limit or OCO orders.
2. 🟢 Pay Commissions with $BNB
Binance offers a discount to users who choose to pay their trading commissions using their native currency, BNB.
How to Activate? Go to your profile or commission settings on Binance. Look for the option that says "Use BNB to pay commissions" (usually marked with a green switch).
The Benefit: You get an automatic 25% discount on all your Spot commissions. This adds up a lot in the long run!
3. 📊 Increase Your Trading Volume (For Advanced Users)
If you trade with large volumes regularly, Binance ranks you in lower VIP levels, which reduces your base fees.
Levels: The levels are based on your trading volume in 30 days or the amount of BNB you have.
Important: If you are a beginner, focus on points 1 and 2. Do not trade more just to reach a VIP level; remember the 1% Rule (Part 5).
Saving on commissions is increasing your profits!
If this tip helped you save money today, give it a 'Like' and follow me for more tips that protect your capital.
👇 Question: Do you already have the payment of commissions with BNB activated?
