What are the fees for Binance options?
Binance Options Fees
Binance Spot fees are set at a standard rate of 0.1% for regular users, which applies to both makers and takers. However, if you're trading USDC, there's a slight difference: while makers still pay the standard rate, takers benefit from a reduced rate of 0.095%.
One can minimize fees on Binance by using Binance Coin (BNB) for transactions, as it provides a significant discount. Also, increase your trading volume or hold a larger BNB stake to move up the tiered fee structure for lower fees.
In Binance options, people can trade their option contracts. The only available asset to be used is USDT. However, I cannot sell a naked option, neither can use the underlying assets. This means I can only have options contract if I buy it from another, which was bought from another, and so on.
It is cheaper to buy on Binance. Overall, it is considered one of the least expensive platforms to use.
Binance's major disadvantage is its ongoing legal challenges and regulatory issues. The company is facing problems with countries in Europe, Asia, and North America. For U.S. residents, another disadvantage of Binance is the limited functionality of the U.S. platform and the decreased selection of tokens available.
Fellow Binancians,
Binance will introduce zero-fee trading for the BNB/FDUSD, DOGE/FDUSD, ETH/FDUSD, LINK/FDUSD, SOL/FDUSD and XRP/FDUSD spot and margin trading pairs at 2023-12-08 00:00 (UTC). All users will enjoy zero maker and taker fees for the above spot and margin trading pairs.
Exchange | Maker fee | Discount for volume trading |
---|---|---|
Binance | 0.1000% | Yes, up to 0.0090% / 0.0180% |
Coinbase | 40bps | Yes, up to 5bps/0bps |
Kraken | 0.25% | Yes, up to 0%/0.1% |
OKX | 0.080% | Yes, up to -0.005%/0.015% |
- Increase trading volume: Increase trading volume and improve VIP level. ...
- Hold BNB: Hold more BNB to increase your VIP level.
- Check the discount table: Check the discount rates for each level of transaction fees on the VIP page of Binance.com.
- Log in to your Binance account and go to[Margin]-[isolated]. ...
- Choose the isolated margin trading pair you want to set, click the[Add]button under the TP/SL column.
- Enter the Take-Profit and/or Stop-Loss price and the order amount, below will show the estimated repaying amount after the TP/SL order is filled.
Are Binance options profitable?
The lucrative opportunities within Binance Options trading come hand in hand with inherent market volatility. For traders, staying vigilant, understanding transactional nuances, and being aware of fees are pivotal to maintaining profitable outcomes.
The holder of an American-style option can exercise their right to buy (in the case of a call) or to sell (in the case of a put) the underlying shares of stock at any time. The holder of a European-style option can only exercise their right at expiration.

- Bit.com.
- Bybit.
- Deribit.
- OKX.
Binance is a renowned digital asset exchange that has features and advantages tailored to novice and experienced traders, as well as beginners. This guide will offer an in-depth look into how to start your journey on this platform as well as teach key elements that can help maximize potential trading success.
Binance.US deducts up to a 35% service fee from earned staking rewards, which is reflected in the estimated rewards rate for each staking asset. Our standard service fee is up to 30% for ADA, ATOM, DOT, ETH, and XTZ, and up to 35% for other assets.
Network fees, also known as gas fees, are certain amounts of cryptocurrency you need to pay to complete a transaction on a blockchain. You can think of it like a service charge or a delivery fee, which is used to facilitate your transactions to the destination on the blockchain.
Coinbase: Coinbase is known for its robust security measures, including cold storage, biometric access, and insurance for digital assets. Binance: Binance provides strong security features but has experienced hacks in the past.
Kraken: Best for Security
Kraken is one of the safest crypto exchanges for investors looking to trade 200+ cryptocurrencies. It has a comprehensive cybersecurity and security management approach with proof of reserves, legal compliance, cold wallet storage, SSL encryption, and regular security testing.
Depending on the reason for the shutdown, Binance could face legal actions, asset freezes, or hacking attempts that could jeopardize the security and availability of the funds. Users who store their crypto assets on Binance would risk losing their money or having to wait for a long time to get it back.
Binance's basic trading fees start at 0.1% for both buys and sells. If you are using futures or trading with leverage, the fees may be slightly different than spot trading.
How do you make money on Binance for free?
- Step 1: Sign Up on Binance 📝🔑 If you don't have a Binance account yet, download the Binance app and create a new account. ...
- Step 2: Complete Identity Verification 🆔✅ ...
- Step 3: Look for Referral Programs 👥🔍 ...
- Step 4: Complete Simple Tasks 📋💻 ...
- Step 5: Claim Your $10 Reward 🎁💸
Pair | Minimum Trade Amount | Maximum Limit Order Amount |
---|---|---|
XRP/USDT | 1 XRP | 100000 XRP |
BCH/USDT | 0.001 BCH | 90000 BCH |
LTC/USDT | 0.001 LTC | 90000 LTC |
BNB/USDT | 0.001 BNB | 900000 BNB |
- Best for Low Fees and Best for Experienced Traders: Kraken.
- Best for Beginners: Coinbase.
- Best Mobile App: Crypto.com.
- Best For Security: Gemini.
- Best for Altcoins: BitMart.
- Best for Bitcoin: Cash App.
- Best Decentralized Exchange: Bisq.
A cold wallet, also known as offline storage or cold storage, is a cryptocurrency wallet that is never connected to the internet. This complete isolation from online networks is the defining feature of cold wallets, designed to provide maximum security for storing digital assets.
The best zero-fee crypto exchanges are MEXC, Binance, Lykke, Phemex, and Deribit, each offering unique features and low or no transaction costs. MEXC is our top no-fee trading platform, providing 0% fees for spot and futures trading with a wide range of supported new altcoins.