How do I reduce my Binance trading fees?

Trading volume is a key metric that Binance uses to assess your activity and engagement with the platform. As your trading volume increases, you progress through the VIP tiers, unlocking higher discounts and access to exclusive benefits.

Setting up BNB payment on Binance is a straightforward process. Start by logging into your Binance account and navigating to the "Account Settings" section. Here, you will find a sub-menu titled "Fee Settings" where you can adjust your fee preferences.

Holding BNB is also crucial for advancing through the VIP tiers. By maintaining a substantial balance of BNB in your account, you demonstrate your commitment to the Binance ecosystem and its native currency. This not only boosts your VIP level but also aligns your interests with those of the platform.

Within the "Fee Settings," select the option "Fees Discount." This page will present you with various options for fee reduction, including the use of BNB, Binance's native cryptocurrency, to pay for trading fees. By choosing this option, you can significantly reduce your trading costs.

Binance's VIP program further incentivizes users to trade and hold BNB. The program is tiered, with each level offering greater fee discounts and privileges. Your VIP level is determined by two primary factors: your 24-hour trading volume and your BNB holdings.