Binance Tutorial: How to Get Free Taker Fees and Up to 60% Market Maker Discount

We have compiled both the mobile and PC methods for registering on Binance. With the registration images included, you can follow the steps and complete your sign-up in under a minute.

Furthermore, the conditions for Binance VIP status are so strict that most traders find it difficult to even reach the VIP1 benefit level. The best benefit of VIP status is the trading fee discount, but with the same trading volume or deposit amount, you could potentially receive up to VIP3–7 benefits on other exchanges.

Therefore, I will show you how to truly minimize your Binance trading fees. If we summarize all the fee discount benefits: even without the VIP benefit, you can get free maker fees, a $45\%$ taker fee discount, a $20\%$ referral discount, and a $10\%$ BNB discount, resulting in a final discount rate of approximately $60.32\%$ on taker fees.

Since the trading fee is almost non-existent, there's no need to delay closing a position that was entered incorrectly just to "make back the fee cost."

Experienced traders will know that when using around $5\text{x}$ to $10\text{x}$ leverage, many have lost money while hoping for the best on a bad position, just because they were worried about round-trip trading fees. I was like that too.

To my knowledge, no one else is sharing this information. Everyone else is busy trying to maximize their profit by having you trade at the highest possible fee rate through their own referrals, and they frankly don't care about the traders who use their referral links.

Binance Registration Method

Let's look into how to register on Binance. You can follow these steps:

1. Access the Binance sign-up link below, which offers the maximum discount rate.

🤑 [Join Binance with 20% Discount Link]

바이낸스 가입 화면

2. When the registration screen appears, as shown above, sign up using your email or phone number. It is strongly recommended to sign up directly rather than linking via Google/Apple, as connection errors sometimes prevent the referrer link from applying correctly.

3. When the security verification screen appears, slide the button to proceed. A 6-digit code will be sent to the email or phone number you used. Enter the 6-digit code received via email.

바이낸스 가입방법
바이낸스 가입방법

4. After entering the verification code, a completion screen will appear, and your registration is finished.

How to Find Binance ID / Reset Password (Including OTP Loss)

If you are curious about how to find your Binance ID or reset your password, please refer to the following articles:

Binance KYC Verification Method

You must complete KYC (Know Your Customer) verification on Binance to enable unrestricted deposits, withdrawals, and trading.

The KYC verification method can change occasionally.

You need to verify one of three types of ID (National ID Card / Passport / Driver's License) and then proceed with facial verification.

The verification process typically takes about $5$ to $30$ minutes to complete.

If there is an error, it usually fails instantly, most often because the ID is not clearly visible or the facial recognition screen encounters an issue.

If it fails, please try again.

[How to Set Binance Language to Korean]

Binance does not natively support the Korean language, so you must set it manually. This is due to the enforcement of the 'Special Payment Act'

Please note this is only possible on the PC web interface.

If you are interested in how to set the language to Korean on Binance, please refer to the following article:

Maximum Trading Fee Discount Method

If you have completed the registration, I will now explain the method.

The method is truly simple. Most traders usually only trade with USDT because they are used to it. In reality, it is very difficult to know this unless you actively search for it. As a result, you pay the full trading fees.

Currently, Binance offers free maker fees for USDC (Circle) trading, and the taker fee is basically discounted by about $45\%$. If you combine this with the $20\%$ referral discount and the $10\%$ BNB discount, the final fee discount reaches an incredible $60.32\%$.

If you go to other exchanges, you usually need to be at least VIP7 or higher to get free maker fees. Since entry is almost free, it means you can trade with almost no fee cost if you time your exit well. And with taker fees at this level, you can practically consider trading fees almost non-existent, allowing you to trade without the burden of fees.

TierStandard Fee (USDT)USDC Standard FeeUSDC + BNB (10%)USDC + BNB + Referral 20% (Final)
Regular0.0200 / 0.05000.0000 / 0.02750.0000 / 0.02480.0000 / 0.01984
VIP 10.0160 / 0.04000.0000 / 0.02200.0000 / 0.01980.0000 / 0.01584
VIP 20.0140 / 0.03500.0000 / 0.01930.0000 / 0.01730.0000 / 0.01384
VIP 30.0120 / 0.03200.0000 / 0.01760.0000 / 0.01580.0000 / 0.01264
VIP 40.0100 / 0.03000.0000 / 0.01650.0000 / 0.01490.0000 / 0.01192
VIP 50.0080 / 0.02700.0000 / 0.01490.0000 / 0.01340.0000 / 0.01072
VIP 60.0060 / 0.02500.0000 / 0.01380.0000 / 0.01240.0000 / 0.00992
VIP 70.0040 / 0.02200.0000 / 0.01210.0000 / 0.01090.0000 / 0.00872
VIP 80.0020 / 0.02000.0000 / 0.01100.0000 / 0.00990.0000 / 0.00792
VIP 90.0000 / 0.01700.0000 / 0.00940.0000 / 0.00840.0000 / 0.00672

The table above shows the official Binance Futures trading fee rates.If you wish to verify, please check it yourself.

Summary of Fee Discounts

USDC-M Futures fees are fundamentally $45\%$ to $60\%$ cheaper compared to USDT-M.all tiers.

An additional $10\%$ discountwhen paying with BNB, and a $20\%$ cumulative discountwhen entering a referral code (e.g., LEVER1000).

The basis for comparison is theStandard USDT Taker Fee. (Regular = $0.0500$, VIP9 = $0.0170$)

For Regular Tier (No VIP Benefit):

Standard Taker Fee: $0.0500$
최종: 0.01984
Final Taker Fee: $0.01984$
= \mathbf{60.32\%}$ Discount

For VIP9 Tier:

Standard Taker Fee: $0.0170$
Final Taker Fee: $0.00672$
Savings Rate = $(1 – 0.00672 / 0.0170) = \mathbf{60.47\%}$
= \mathbf{60.47\%}$ Discount

In short, a uniform discount structure of approximately $60\%$ applies acrossall tiers.

If this article was helpful, you don't need to sponsor me; just use my referral link below for your trading and become a wealthy Crypto trader...

🤑 [Join Binance with 20% Discount Link]

Q. Can existing users not receive the referral benefit?

Existing users can still receive the $20\%$ fee discount benefit if they satisfy all five of the followingconditions:

  1. The invited person (who accessed the referral link) must already have a registered account on Binance.
  2. The invited person must not have previously accepted any other invitation (other referral).
  3. The invited account must not have traded or utilized any product on the Binance platform within the last $180$ days.
  4. It is possible if a confirmation window appears when the invited person opens the invitation link and logs in.
  5. The inviter must click the 'Now Binding' button for the binding to be finally applied.

In summary, not only new accounts but also existing users who meet certain conditions can receive the fee discount benefit through invitation binding.

If you signed up with a referral before but the fee discount is not applied, you must re-register.

Please refer to the article below for instructions on how to delete your KYC and re-register:

Frequently Asked Questions (FAQ)

Q1. Can Koreans join Binance?
A. Yes. However, Korean language support is limited, and deposits must be made via P2P or by transferring coins.

Q2. Can I deposit Korean Won (KRW)?
A. Currently, Binance does not support direct KRW deposits. The common method is to purchase coins on a domestic exchange like Upbit/Bithumb andthen transfer the coins to Binance.

Q3. What are the fees?
A. Spot trading fees are $0.1\%$, and you can apply a $25\%$ discount by using BNB. Futures trading fees are $0.02\%$ for maker and $0.04\%$ for taker. However, if you trade with USDC, spot fees are $5\%$ cheaper, and for Futures, maker fees are free, and taker fees can be discounted by up to $60\%$.

Q4. What is the minimum age required for sign-up?
A. Only individuals aged $18$ and above can register.

Binance Usage Guide

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[Check Crypto Exchange Usage Guide]

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