Note: This article was previously updated onJuly 29, 2022 to include more information about the tiered pricing model and revised fee structure, which were previously announced in June 2022, and have gone into effect on August 1, 2022 at approximately midnight (EDT).
What you need to know about zero-fee Bitcoin trading and our revised fee schedule.
Binance.US is excited to bring zero-fee Bitcoin trading to all new and existing customers on our BTC/USD, BTC/USDT, BTC/USDC, and BTC/BUSD spot market pairs. As recession fears mount and inflation costs increase, we believe in offering greater cost savings on Bitcoin and value to everyone in the crypto ecosystem.
In this article, learn more about our revised fee schedule and how it works.
Zero-Fee Bitcoin Trading for All Customers
We’re proud to now offer customers zero fees on Bitcoin (BTC) trading across four important trading pairs: BTC/USD, BTC/USDT, BTC/USDC, and BTC/BUSD. As of today, Binance.US is the only major crypto platform to offer free Bitcoin spot trading services to all customers, with no trading volume requirements.
While we already offer trading fees up to 10X lower than other major crypto platforms, in these challenging times we seek opportunities where we can take an extra step and provide what we call ‘truly extraordinary value’, delivering substantial savings for customers who trade BTC.
Revised Fee Schedule
We also revisited our fee schedule to pass greater value to customers, with the aim of offering zero fees on some assets, including Bitcoin, and the lowest fees available for most popular cryptocurrencies offered on our platform. In the process, we made several changes that will save our customers money by lowering their overall trading costs. These changes have gone into effect on August 1, 2022 at approximately midnight (EDT).
Our revised fee schedule now features three pricing tiers. We plan to roll out the new pricing tiers this summer, along with detailed information on a per-asset basis. This is how it is going to work.
Tier 0 (aka Free Trading)
Simply put, our Tier 0 will be our Free tier that reduces trading fees to zero on certain cryptocurrencies, for all customers — with no trading volume or asset holding requirements to meet. As mentioned above, this tier will include four Bitcoin spot market pairs to start: BTC/USD, BTC/USDT, BTC/USDC, and BTC/BUSD. We plan to add more coins, tokens, and pairs to this tier in the coming months.
Tier I & Tier II
Tiers I and II will feature trading fees that are determined on a per-asset basis as follows. Please note the tiered pricing model have gone into effect on August 1, 2022 at approximately midnight (EDT). For a full list of assets sorted by pricing tier, please visit our Fee Schedule page.
Upgraded VIP Levels
In addition to the tiered pricing model, we will also remove all BNB holding requirements, eliminating the need for customers to hold BNB in order to qualify for higher VIP Levels. Going forward, all VIP Levels will be derived from your 30 day trading volume (USD), calculated daily on a rolling basis at midnight (UTC).
Additional Trading Fee Discounts
Binance.US offers additional trading fee discounts for customers who meet the following criteria:
- BNB Fee Discount. In addition to the lower prices set out above, Binance.US gives customers an additional 25% off both maker and taker fees across all trading pairs when BNB tokens are used to pay for trading fees. This incredible offer is available to all new and existing customers.
- Volume-Based Discounts. Customers who maintain higher 30-day trading volumes, calculated daily on a rolling basis, can qualify for even greater trading fee discounts. We will also be simplifying our trading fee tiers to a total of nine VIP tiers, and removing the BNB holding requirement. For more information on trading fees and tiers, please refer to our Fee Schedule. Please note updates to the Fee Schedule page have gone into effect on August 1, 2022 at approximately midnight (EDT).
On Boosting Value and Lowering Costs
Zero-fee Bitcoin trading along with broader fee restructuring marks an important moment for the crypto industry. As the first major crypto platform to introduce a tiered pricing structure on a per-asset basis, Binance.US is redefining the fee and incentive structure, bringing unprecedented value and cost savings to the market. We think in light of recent market events now is the right time to offer our customers and the crypto community in general an opportunity to save money.
We expect our innovative pricing model to see broader industry adoption over time. Taking this step today helps ensure Binance.US extends its leadership as the crypto platform of choice for millions of customers across the U.S.
To learn more about Binance.US’ new fee schedule, click here.
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The information provided in this announcement is for informational purposes only, and it does not constitute an endorsement of any digital asset or services discussed herein, or investment, financial, or trading advice. Binance.US reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.
Disclaimer: Trading fees on Binance.US are subject to change at any time in Binance.US’ sole discretion.