Ultimate Binance Guide 2024: Registration, Trading, and Expert Tips | COINOTAG

Ultimate Binance Guide 2024: From Beginner to Pro

Master the world's leading cryptocurrency exchange with our comprehensive tutorial

Introduction to Binance in 2024

Binance, founded in 2017 by Changpeng Zhao (CZ), has grown to become the world's largest cryptocurrency exchange by trading volume. With over 20 million users and a daily trading volume exceeding $4 billion, Binance has established itself as a dominant force in the crypto industry. This comprehensive guide will walk you through every aspect of using Binance, from creating your account to executing advanced trades and exploring its vast ecosystem.

Binance Platform Overview 2024

In this guide, you'll learn about:

  • The unique advantages of using Binance
  • Step-by-step account creation and verification
  • Essential security measures to protect your assets
  • Various methods to fund your account
  • Basic and advanced trading techniques
  • Binance's fee structure and how to minimize costs
  • Navigating the Binance mobile app
  • The Binance Coin (BNB) and its role in the ecosystem
  • Binance Chain and its impact on DeFi
  • Binance's suite of financial products
  • The Binance Launchpad and token offerings
  • Pro tips for maximizing your Binance experience

Why Choose Binance in 2024?

  • Vast Selection: Over 350 cryptocurrencies and 1450+ trading pairs
  • High Liquidity: The world's largest crypto exchange by volume
  • Low Fees: Competitive trading fees starting at 0.1%, with options for fee-free trading on certain pairs
  • Advanced Features: Spot, margin, futures, and options trading
  • User-Friendly Interface: Suitable for both beginners and experienced traders
  • Strong Security: Multiple layers of protection including SAFU fund
  • Educational Resources: Comprehensive Binance Academy for learning
  • Innovation: Regular updates and new features
  • Global Access: Available in over 180 countries
  • Comprehensive Ecosystem: From trading to DeFi, NFTs, and more
  • Regulatory Compliance: Ongoing efforts to meet global regulatory standards
Why Choose Binance in 2024

How to Register on Binance: Comprehensive Step-by-Step Guide

Registering on Binance is your gateway to the world's leading cryptocurrency exchange. Follow this detailed guide to create your Binance account quickly and securely:

  1. Visit Binance: Navigate to the official Binance website using our referral link for exclusive registration bonuses.
  2. Choose Registration Method: Select either email or phone registration, depending on your preference.
  3. Enter Details: Provide your email address or phone number and create a strong, unique password for your account.
  4. Verify Email/Phone: Check your inbox for the verification email and click the link, or enter the SMS code sent to your phone.
  5. Set Up 2FA: Enable Two-Factor Authentication immediately for an additional layer of account security.

Essential Tips for a Smooth Binance Registration

  • Password Security: Use a unique, strong password for your Binance account. Consider using a reputable password manager for enhanced security.
  • Email Verification: Ensure you have access to the email account you use for registration, as it's crucial for account recovery and notifications.
  • Mobile App: After registering, download the Binance mobile app for on-the-go trading and account management.
  • KYC Verification: Prepare to complete the Know Your Customer (KYC) process to unlock full account features and higher withdrawal limits.

Important Note for US Residents: If you're located in the United States, you should register on Binance.US, a separate platform specifically designed to comply with US regulations.

After Completing Your Binance Registration

Once you've successfully registered on Binance:

  • Explore the wide range of cryptocurrencies available for trading
  • Familiarize yourself with the Binance interface and trading options
  • Consider setting up additional security measures like Anti-Phishing Code
  • Start small and gradually increase your trading activity as you gain experience

By following this comprehensive guide, you'll be well-prepared to start your journey in the crypto world with Binance, the industry's leading exchange platform.

Binance Registration Process

Account Verification (KYC) Process

Complete these steps to fully verify your account:

  1. Access the Verification section in your account settings
  2. Provide personal information (name, DOB, address)
  3. Upload a valid government-issued ID
  4. Complete facial verification
  5. Wait for approval (typically 1-3 business days, may take up to 15 days during high volume periods)
Binance Verification

Note: Verification levels may vary by region. Higher verification levels often come with increased deposit and withdrawal limits.

Securing Your Binance Account

  • Two-Factor Authentication (2FA): Use Google Authenticator or SMS
  • Anti-Phishing Code: Set up a unique code for genuine Binance emails
  • Withdrawal Whitelist: Restrict withdrawals to approved addresses
  • Device Management: Regularly review connected devices
  • Strong Password: Use a unique, complex password
  • Regular Security Checkups: Periodically review your security settings
  • Hardware Wallet: Consider using a hardware wallet for long-term storage
  • Biometric Login: Enable fingerprint or face recognition for mobile app login
Binance Security

Important: Never share your private keys or recovery phrases with anyone, including Binance support. Be vigilant against phishing attempts.

Funding Your Binance Account

Deposit Methods:

  • Cryptocurrency Deposits: Transfer from external wallets
  • Bank Transfer: SEPA, wire transfer (varies by region)
  • Credit/Debit Card: Instant purchase with higher fees
  • P2P Trading: Buy crypto directly from other users
  • Third-Party Payment Providers: Options like Simplex, Paxful
Binance Funding Account

Tip: Always double-check the deposit address and network before sending funds to avoid losses.

Note: Binance supports over 65 fiat currencies for deposits and withdrawals, with options varying by region.

Binance Trading Basics

Spot Trading Steps:

  1. Navigate to the 'Trade' section and select 'Spot'
  2. Choose your trading pair (e.g., BTC/USDT)
  3. Select order type (Market or Limit)
  4. Enter the amount you want to buy or sell
  5. Review and confirm your order

Understanding Order Types:

  • Market Order: Instant execution at current market price
  • Limit Order: Set your desired price for execution
  • Stop-Limit Order: Automated order at a specified price
  • OCO (One-Cancels-the-Other): Combine limit order with a stop-limit
Binance Trading Basics

Pro Tip: Start with small trades to get familiar with the platform before committing larger amounts. Use the Convert feature for simple trades without charts or order books.

Advanced Binance Features

  • Margin Trading: Trade with borrowed funds (higher risk)
  • Futures Trading: Speculate on future prices with leverage up to 125x
  • Binance Earn: Stake coins or participate in savings programs
  • Launchpad: Participate in new token sales
  • Binance NFT: Buy, sell, and create NFTs
  • Binance Pool: Join mining pools for various cryptocurrencies
  • Liquid Swap: Provide liquidity and earn fees
  • Binance Pay: Use crypto for everyday purchases
  • Binance Visa Card: Spend crypto at over 60 million merchants worldwide
  • Binance OTC: Over-the-counter trading for large volume trades
Binance Advanced Trading

Warning: Advanced features like margin and futures trading carry higher risks. Only use these if you fully understand the potential for losses.

Understanding Binance Fees

Spot & Margin Trading Fees

Level 30-Day Trade Volume (USD*) and/or BNB Balance Maker / Taker Maker / Taker (BNB 25% off) USDC Maker / Taker USDC Maker / Taker (BNB 25% off)
Regular User < 1,000,000 USD or ≥ 0 BNB 0.1000% / 0.1000% 0.0750% / 0.0750% Standard / 0.09500% Standard / 0.071250%
VIP 1 ≥ 1,000,000 USD and ≥ 25 BNB 0.0900% / 0.1000% 0.0675% / 0.0750% Standard / 0.09500% Standard / 0.071250%
VIP 2 ≥ 5,000,000 USD and ≥ 100 BNB 0.0800% / 0.1000% 0.0600% / 0.0750% Standard / 0.09500% Standard / 0.071250%
VIP 3 ≥ 20,000,000 USD and ≥ 250 BNB 0.0420% / 0.0600% 0.0315% / 0.0450% Standard / 0.05500% Standard / 0.041250%
VIP 4 ≥ 75,000,000 USD and ≥ 500 BNB 0.0420% / 0.0540% 0.0315% / 0.0405% Standard / 0.04900% Standard / 0.036750%
VIP 5 ≥ 150,000,000 USD and ≥ 1,000 BNB 0.0252% / 0.0336% 0.0189% / 0.0252% Standard / 0.02860% Standard / 0.021450%
VIP 6 ≥ 400,000,000 USD and ≥ 1,750 BNB 0.0210% / 0.0294% 0.0158% / 0.0221% Standard / 0.02440% Standard / 0.018300%
VIP 7 ≥ 800,000,000 USD and ≥ 3,000 BNB 0.0192% / 0.0288% 0.0144% / 0.0216% Standard / 0.02380% Standard / 0.017850%
VIP 8 ≥ 2,000,000,000 USD and ≥ 4,500 BNB 0.0165% / 0.0275% 0.0124% / 0.0206% Standard / 0.02250% Standard / 0.016875%
VIP 9 ≥ 4,000,000,000 USD and ≥ 5,500 BNB 0.0120% / 0.0240% 0.0090% / 0.0180% Standard / 0.01900% Standard / 0.014250%
Regular User
30-Day Trade Volume (USD*) < 1,000,000 USD
and/or or
BNB Balance ≥ 0 BNB
Maker / Taker 0.1000% / 0.1000%
Maker / Taker (BNB 25% off) 0.0750% / 0.0750%
USDC Maker / Taker Standard / 0.09500%
USDC Maker / Taker (BNB 25% off) Standard / 0.071250%
VIP 1
30-Day Trade Volume (USD*) ≥ 1,000,000 USD
and/or and
BNB Balance ≥ 25 BNB
Maker / Taker 0.0900% / 0.1000%
Maker / Taker (BNB 25% off) 0.0675% / 0.0750%
USDC Maker / Taker Standard / 0.09500%
USDC Maker / Taker (BNB 25% off) Standard / 0.071250%
VIP 2
30-Day Trade Volume (USD*) ≥ 5,000,000 USD
and/or and
BNB Balance ≥ 100 BNB
Maker / Taker 0.0800% / 0.1000%
Maker / Taker (BNB 25% off) 0.0600% / 0.0750%
USDC Maker / Taker Standard / 0.09500%
USDC Maker / Taker (BNB 25% off) Standard / 0.071250%
VIP 3
30-Day Trade Volume (USD*) ≥ 20,000,000 USD
and/or and
BNB Balance ≥ 250 BNB
Maker / Taker 0.0420% / 0.0600%
Maker / Taker (BNB 25% off) 0.0315% / 0.0450%
USDC Maker / Taker Standard / 0.05500%
USDC Maker / Taker (BNB 25% off) Standard / 0.041250%
VIP 4
30-Day Trade Volume (USD*) ≥ 75,000,000 USD
and/or and
BNB Balance ≥ 500 BNB
Maker / Taker 0.0420% / 0.0540%
Maker / Taker (BNB 25% off) 0.0315% / 0.0405%
USDC Maker / Taker Standard / 0.04900%
USDC Maker / Taker (BNB 25% off) Standard / 0.036750%
VIP 5
30-Day Trade Volume (USD*) ≥ 150,000,000 USD
and/or and
BNB Balance ≥ 1,000 BNB
Maker / Taker 0.0252% / 0.0336%
Maker / Taker (BNB 25% off) 0.0189% / 0.0252%
USDC Maker / Taker Standard / 0.02860%
USDC Maker / Taker (BNB 25% off) Standard / 0.021450%
VIP 6
30-Day Trade Volume (USD*) ≥ 400,000,000 USD
and/or and
BNB Balance ≥ 1,750 BNB
Maker / Taker 0.0210% / 0.0294%
Maker / Taker (BNB 25% off) 0.0158% / 0.0221%
USDC Maker / Taker Standard / 0.02440%
USDC Maker / Taker (BNB 25% off) Standard / 0.018300%
VIP 7
30-Day Trade Volume (USD*) ≥ 800,000,000 USD
and/or and
BNB Balance ≥ 3,000 BNB
Maker / Taker 0.0192% / 0.0288%
Maker / Taker (BNB 25% off) 0.0144% / 0.0216%
USDC Maker / Taker Standard / 0.02380%
USDC Maker / Taker (BNB 25% off) Standard / 0.017850%
VIP 8
30-Day Trade Volume (USD*) ≥ 2,000,000,000 USD
and/or and
BNB Balance ≥ 4,500 BNB
Maker / Taker 0.0165% / 0.0275%
Maker / Taker (BNB 25% off) 0.0124% / 0.0206%
USDC Maker / Taker Standard / 0.02250%
USDC Maker / Taker (BNB 25% off) Standard / 0.016875%
VIP 9
30-Day Trade Volume (USD*) ≥ 4,000,000,000 USD
and/or and
BNB Balance ≥ 5,500 BNB
Maker / Taker 0.0120% / 0.0240%
Maker / Taker (BNB 25% off) 0.0090% / 0.0180%
USDC Maker / Taker Standard / 0.01900%
USDC Maker / Taker (BNB 25% off) Standard / 0.014250%

*VIP fees and benefits gained from any VIP program will apply universally to all Binance products.
*Trade volume includes all Spot volumes from Spot, Margin, Convert, Copy Trading and Trading Bots. Values are in a USD equivalent amount based on the exchange rate under Multi-Asset mode.

USDⓈ-M Futures Trading Fees

Level 30-Day Trade Volume (USD*) and/or BNB Balance USDT Maker / Taker USDT Maker / Taker (BNB 10% off) USDC Maker / Taker USDC Maker / Taker (BNB 10% off)
Regular User < 15,000,000 USD or ≥ 0 BNB 0.0200% / 0.0500% 0.0180% / 0.0450% 0.0200% / 0.0500% 0.0180% / 0.0450%
VIP 1 ≥ 15,000,000 USD and ≥ 25 BNB 0.0160% / 0.0400% 0.0144% / 0.0360% 0.0160% / 0.0400% 0.0144% / 0.0360%
VIP 2 ≥ 50,000,000 USD and ≥ 100 BNB 0.0140% / 0.0350% 0.0126% / 0.0315% 0.0140% / 0.0350% 0.0126% / 0.0315%
VIP 3 ≥ 100,000,000 USD and ≥ 250 BNB 0.0120% / 0.0320% 0.0108% / 0.0288% 0.0120% / 0.0320% 0.0108% / 0.0288%
VIP 4 ≥ 600,000,000 USD and ≥ 500 BNB 0.0100% / 0.0300% 0.0090% / 0.0270% 0.0100% / 0.0300% 0.0090% / 0.0270%
VIP 5 ≥ 1,000,000,000 USD and ≥ 1,000 BNB 0.0080% / 0.0270% 0.0072% / 0.0243% 0.0080% / 0.0270% 0.0072% / 0.0243%
VIP 6 ≥ 2,500,000,000 USD and ≥ 1,750 BNB 0.0060% / 0.0250% 0.0054% / 0.0225% 0.0060% / 0.0250% 0.0054% / 0.0225%
VIP 7 ≥ 5,000,000,000 USD and ≥ 3,000 BNB 0.0040% / 0.0220% 0.0036% / 0.0198% 0.0040% / 0.0220% 0.0036% / 0.0198%
VIP 8 ≥ 12,500,000,000 USD and ≥ 4,500 BNB 0.0020% / 0.0200% 0.0018% / 0.0180% 0.0020% / 0.0200% 0.0018% / 0.0180%
VIP 9 ≥ 25,000,000,000 USD and ≥ 5,500 BNB 0.0000% / 0.0170% 0.0000% / 0.0153% 0.0000% / 0.0170% 0.0000% / 0.0153%

*VIP fees and benefits gained from any VIP program will apply universally to all Binance products.
*Trade volume includes all Futures volumes from USDⓈ-M and COIN-M Futures. Values are in a USD equivalent amount based on the exchange rate under Multi-Asset mode.

Regular User
30-Day Trade Volume (USD*) < 15,000,000 USD
and/or or
BNB Balance ≥ 0 BNB
USDT Maker / Taker 0.0200% / 0.0500%
USDT Maker / Taker (BNB 10% off) 0.0180% / 0.0450%
USDC Maker / Taker 0.0200% / 0.0500%
USDC Maker / Taker (BNB 10% off) 0.0180% / 0.0450%
VIP 1
30-Day Trade Volume (USD*) ≥ 15,000,000 USD
and/or and
BNB Balance ≥ 25 BNB
USDT Maker / Taker 0.0160% / 0.0400%
USDT Maker / Taker (BNB 10% off) 0.0144% / 0.0360%
USDC Maker / Taker 0.0160% / 0.0400%
USDC Maker / Taker (BNB 10% off) 0.0144% / 0.0360%
VIP 2
30-Day Trade Volume (USD*) ≥ 50,000,000 USD
and/or and
BNB Balance ≥ 100 BNB
USDT Maker / Taker 0.0140% / 0.0350%
USDT Maker / Taker (BNB 10% off) 0.0126% / 0.0315%
USDC Maker / Taker 0.0140% / 0.0350%
USDC Maker / Taker (BNB 10% off) 0.0126% / 0.0315%
VIP 3
30-Day Trade Volume (USD*) ≥ 100,000,000 USD
and/or and
BNB Balance ≥ 250 BNB
USDT Maker / Taker 0.0120% / 0.0320%
USDT Maker / Taker (BNB 10% off) 0.0108% / 0.0288%
USDC Maker / Taker 0.0120% / 0.0320%
USDC Maker / Taker (BNB 10% off) 0.0108% / 0.0288%
VIP 4
30-Day Trade Volume (USD*) ≥ 600,000,000 USD
and/or and
BNB Balance ≥ 500 BNB
USDT Maker / Taker 0.0100% / 0.0300%
USDT Maker / Taker (BNB 10% off) 0.0090% / 0.0270%
USDC Maker / Taker 0.0100% / 0.0300%
USDC Maker / Taker (BNB 10% off) 0.0090% / 0.0270%
VIP 5
30-Day Trade Volume (USD*) ≥ 1,000,000,000 USD
and/or and
BNB Balance ≥ 1,000 BNB
USDT Maker / Taker 0.0080% / 0.0270%
USDT Maker / Taker (BNB 10% off) 0.0072% / 0.0243%
USDC Maker / Taker 0.0080% / 0.0270%
USDC Maker / Taker (BNB 10% off) 0.0072% / 0.0243%
VIP 6
30-Day Trade Volume (USD*) ≥ 2,500,000,000 USD
and/or and
BNB Balance ≥ 1,750 BNB
USDT Maker / Taker 0.0060% / 0.0250%
USDT Maker / Taker (BNB 10% off) 0.0054% / 0.0225%
USDC Maker / Taker 0.0060% / 0.0250%
USDC Maker / Taker (BNB 10% off) 0.0054% / 0.0225%
VIP 7
30-Day Trade Volume (USD*) ≥ 5,000,000,000 USD
and/or and
BNB Balance ≥ 3,000 BNB
USDT Maker / Taker 0.0040% / 0.0220%
USDT Maker / Taker (BNB 10% off) 0.0036% / 0.0198%
USDC Maker / Taker 0.0040% / 0.0220%
USDC Maker / Taker (BNB 10% off) 0.0036% / 0.0198%
VIP 8
30-Day Trade Volume (USD*) ≥ 12,500,000,000 USD
and/or and
BNB Balance ≥ 4,500 BNB
USDT Maker / Taker 0.0020% / 0.0200%
USDT Maker / Taker (BNB 10% off) 0.0018% / 0.0180%
USDC Maker / Taker 0.0020% / 0.0200%
USDC Maker / Taker (BNB 10% off) 0.0018% / 0.0180%
VIP 9
30-Day Trade Volume (USD*) ≥ 25,000,000,000 USD
and/or and
BNB Balance ≥ 5,500 BNB
USDT Maker / Taker 0.0000% / 0.0170%
USDT Maker / Taker (BNB 10% off) 0.0000% / 0.0153%
USDC Maker / Taker 0.0000% / 0.0170%
USDC Maker / Taker (BNB 10% off) 0.0000% / 0.0153%

*VIP fees and benefits gained from any VIP program will apply universally to all Binance products.
*Trade volume includes all Futures volumes from USDⓈ-M and COIN-M Futures. Values are in a USD equivalent amount based on the exchange rate under Multi-Asset mode.

COIN-M Futures Trading Fees

Level 30-Day Trade Volume (USD*) and/or BNB Balance Maker Taker
Regular User < 15,000,000 USD or ≥ 0 BNB 0.0200% 0.0500%
VIP 1 ≥ 15,000,000 USD and ≥ 25 BNB 0.0160% 0.0400%
VIP 2 ≥ 50,000,000 USD and ≥ 100 BNB 0.0140% 0.0350%
VIP 3 ≥ 100,000,000 USD and ≥ 250 BNB 0.0120% 0.0320%
VIP 4 ≥ 600,000,000 USD and ≥ 500 BNB 0.0100% 0.0300%
VIP 5 ≥ 1,000,000,000 USD and ≥ 1,000 BNB 0.0080% 0.0270%
VIP 6 ≥ 2,500,000,000 USD and ≥ 1,750 BNB 0.0060% 0.0250%
VIP 7 ≥ 5,000,000,000 USD and ≥ 3,000 BNB 0.0040% 0.0220%
VIP 8 ≥ 12,500,000,000 USD and ≥ 4,500 BNB 0.0020% 0.0200%
VIP 9 ≥ 25,000,000,000 USD and ≥ 5,500 BNB 0.0000% 0.0170%

*VIP fees and benefits gained from any VIP program will apply universally to all Binance products.
*Trade volume includes all Futures volumes from USDⓈ-M and COIN-M Futures. Values are in a USD equivalent amount based on the exchange rate under Multi-Asset mode.

Regular User
30-Day Trade Volume (USD*) < 15,000,000 USD
and/or or
BNB Balance ≥ 0 BNB
Maker 0.0200%
Taker 0.0500%
VIP 1
30-Day Trade Volume (USD*) ≥ 15,000,000 USD
and/or and
BNB Balance ≥ 25 BNB
Maker 0.0160%
Taker 0.0400%
VIP 2
30-Day Trade Volume (USD*) ≥ 50,000,000 USD
and/or and
BNB Balance ≥ 100 BNB
Maker 0.0140%
Taker 0.0350%
VIP 3
30-Day Trade Volume (USD*) ≥ 100,000,000 USD
and/or and
BNB Balance ≥ 250 BNB
Maker 0.0120%
Taker 0.0320%
VIP 4
30-Day Trade Volume (USD*) ≥ 600,000,000 USD
and/or and
BNB Balance ≥ 500 BNB
Maker 0.0100%
Taker 0.0300%
VIP 5
30-Day Trade Volume (USD*) ≥ 1,000,000,000 USD
and/or and
BNB Balance ≥ 1,000 BNB
Maker 0.0080%
Taker 0.0270%
VIP 6
30-Day Trade Volume (USD*) ≥ 2,500,000,000 USD
and/or and
BNB Balance ≥ 1,750 BNB
Maker 0.0060%
Taker 0.0250%
VIP 7
30-Day Trade Volume (USD*) ≥ 5,000,000,000 USD
and/or and
BNB Balance ≥ 3,000 BNB
Maker 0.0040%
Taker 0.0220%
VIP 8
30-Day Trade Volume (USD*) ≥ 12,500,000,000 USD
and/or and
BNB Balance ≥ 4,500 BNB
Maker 0.0020%
Taker 0.0200%
VIP 9
30-Day Trade Volume (USD*) ≥ 25,000,000,000 USD
and/or and
BNB Balance ≥ 5,500 BNB
Maker 0.0000%
Taker 0.0170%

*Trade volume includes all Futures volumes from USDⓈ-M and COIN-M Futures. Values are in a USD equivalent amount based on the exchange rate under Multi-Asset mode.

Options Trading Fees

Level 30d Options Trade Volume (USDT) Maker Taker
Regular User < 50,000,000 USDT 0.0300% 0.0300%
VIP 4 ≥ 50,000,000 USDT 0.0300% 0.0300%
VIP 5 ≥ 120,000,000 USDT 0.0300% 0.0300%
VIP 6 ≥ 250,000,000 USDT 0.0300% 0.0300%
VIP 7 ≥ 500,000,000 USDT 0.0300% 0.0300%
VIP 8 ≥ 750,000,000 USDT 0.0300% 0.0300%
VIP 9 ≥ 1,000,000,000 USDT 0.0300% 0.0300%

*VIP fees and benefits gained from any VIP program will apply universally to all Binance products.

Regular User
30d Options Trade Volume (USDT) < 50,000,000 USDT
Maker 0.0300%
Taker 0.0300%
VIP 4
30d Options Trade Volume (USDT) ≥ 50,000,000 USDT
Maker 0.0300%
Taker 0.0300%
VIP 5
30d Options Trade Volume (USDT) ≥ 120,000,000 USDT
Maker 0.0300%
Taker 0.0300%
VIP 6
30d Options Trade Volume (USDT) ≥ 250,000,000 USDT
Maker 0.0300%
Taker 0.0300%
VIP 7
30d Options Trade Volume (USDT) ≥ 500,000,000 USDT
Maker 0.0300%
Taker 0.0300%
VIP 8
30d Options Trade Volume (USDT) ≥ 750,000,000 USDT
Maker 0.0300%
Taker 0.0300%
VIP 9
30d Options Trade Volume (USDT) ≥ 1,000,000,000 USDT
Maker 0.0300%
Taker 0.0300%

*VIP fees and benefits gained from any VIP program will apply universally to all Binance products.

NFT Trading Fees

Trading VIP

Level 30D Sell Volume (USDT) and/or 30D Total Volume (USDT) Platform Fee (Seller)
VIP 1 ≥ 10,000 and ≥ 20,000 0.9%
VIP 2 ≥ 50,000 and ≥ 100,000 0.8%
VIP 3 ≥ 100,000 and ≥ 200,000 0.7%
VIP 4 ≥ 180,000 and ≥ 360,000 0.6%
VIP 5 ≥ 270,000 and ≥ 540,000 0.5%
VIP 6 ≥ 360,000 and ≥ 720,000 0.4%
VIP 7 ≥ 450,000 and ≥ 900,000 0.3%
VIP 8 ≥ 540,000 and ≥ 1,080,000 0.2%
VIP 9 ≥ 630,000 and ≥ 1,260,000 0.1%
VIP 1
30D Sell Volume (USDT) ≥ 10,000
and/or and
30D Total Volume (USDT) ≥ 20,000
Platform Fee (Seller) 0.9%
VIP 2
30D Sell Volume (USDT) ≥ 50,000
and/or and
30D Total Volume (USDT) ≥ 100,000
Platform Fee (Seller) 0.8%
VIP 3
30D Sell Volume (USDT) ≥ 100,000
and/or and
30D Total Volume (USDT) ≥ 200,000
Platform Fee (Seller) 0.7%
VIP 4
30D Sell Volume (USDT) ≥ 180,000
and/or and
30D Total Volume (USDT) ≥ 360,000
Platform Fee (Seller) 0.6%
VIP 5
30D Sell Volume (USDT) ≥ 270,000
and/or and
30D Total Volume (USDT) ≥ 540,000
Platform Fee (Seller) 0.5%
VIP 6
30D Sell Volume (USDT) ≥ 360,000
and/or and
30D Total Volume (USDT) ≥ 720,000
Platform Fee (Seller) 0.4%
VIP 7
30D Sell Volume (USDT) ≥ 450,000
and/or and
30D Total Volume (USDT) ≥ 900,000
Platform Fee (Seller) 0.3%
VIP 8
30D Sell Volume (USDT) ≥ 540,000
and/or and
30D Total Volume (USDT) ≥ 1,080,000
Platform Fee (Seller) 0.2%
VIP 9
30D Sell Volume (USDT) ≥ 630,000
and/or and
30D Total Volume (USDT) ≥ 1,260,000
Platform Fee (Seller) 0.1%

Holding VIP

Level 30D Holding Value of Blue-Chip Collection (USDT) Platform Fee (Seller)
VIP 1 ≥ 100,000 0.9%
VIP 2 ≥ 250,000 0.8%
VIP 3 ≥ 500,000 0.7%
VIP 4 ≥ 1,000,000 0.6%
VIP 1
30D Holding Value of Blue-Chip Collection (USDT) ≥ 100,000
Platform Fee (Seller) 0.9%
VIP 2
30D Holding Value of Blue-Chip Collection (USDT) ≥ 250,000
Platform Fee (Seller) 0.8%
VIP 3
30D Holding Value of Blue-Chip Collection (USDT) ≥ 500,000
Platform Fee (Seller) 0.7%
VIP 4
30D Holding Value of Blue-Chip Collection (USDT) ≥ 1,000,000
Platform Fee (Seller) 0.6%

Note: These rates are for reference purposes only and are accurate as of July 20, 2024. Please verify the Binance Official Fee Rates for the latest updates.

Binance Mobile App Guide

Key Features:

  • Real-time trading and market data
  • Portfolio management
  • Deposit and withdrawal functionality
  • Price alerts and notifications
  • Access to Binance Earn and other products
  • P2P trading
  • Binance Pay for crypto payments
  • Biometric login for enhanced security

Security Tips for Mobile:

  • Enable biometric login (fingerprint or face recognition)
  • Avoid using public Wi-Fi for trading
  • Keep your app updated to the latest version
  • Enable app lock for an extra layer of security
  • Log out after each session
Binance App

Pro Tip: Use the app's widget feature for quick access to your favorite trading pairs and market data.

Binance Coin (BNB)

Binance Coin (BNB) is the native cryptocurrency of the Binance ecosystem. As of 2024, it's one of the top cryptocurrencies by market cap.

Key BNB Features:

  • Used to reduce trading fees on Binance
  • Powers the Binance Smart Chain ecosystem
  • Used in various Binance products (Launchpad, Earn, etc.)
  • Regular token burns to reduce supply
  • Potential governance role in future Binance DAO
BNB

Note: While BNB has shown strong performance, always do your own research before investing.

Binance Chain

Binance Chain (formerly Binance Smart Chain) is Binance's own blockchain, compatible with the Ethereum Virtual Machine.

Key Features:

  • Low-fee, high-performance blockchain
  • Supports smart contracts and DApps
  • Growing DeFi ecosystem
  • Home to popular projects like PancakeSwap
  • Interoperable with other blockchains
Binance Chain

Pro Tip: Explore DeFi opportunities on Binance Chain, but always be aware of the risks involved in DeFi investments.

Binance Finance Products

Binance Earn:

  • Flexible Savings: Earn interest with no lock-up period
  • Locked Savings: Higher interest rates for fixed terms
  • DeFi Staking: Participate in DeFi protocols through Binance
  • Liquid Swap: Provide liquidity to earn fees
  • BNB Vault: BNB yield aggregator

Other Financial Services:

  • Binance Visa Card: Spend crypto at merchants worldwide
  • Crypto Loans: Borrow against your crypto assets
  • Binance Pool: Mining services for PoW and PoS coins
  • Send Cash: Transfer crypto via Binance Pay in select countries
Binance Pool

Warning: While these products offer opportunities for passive income, always understand the risks involved, especially with high-yield options.

Binance Launchpad

Binance Launchpad is the platform's token launch platform for new and innovative blockchain projects.

Key Features:

  • Access to new token sales
  • Vetted projects with due diligence by Binance
  • Participation via lottery system
  • Use of BNB tokens for participation
  • Immediate listing on Binance after launch
Binance Launchpad

Pro Tip: Stay informed about upcoming Launchpad projects to participate in potentially promising token sales.

Binance Promotions and Competitions

Binance regularly hosts promotions and trading competitions with substantial prizes.

Types of Promotions:

  • Trading competitions
  • New user bonuses
  • Referral programs
  • Airdrops
  • Learn and Earn programs
Binance Promotions

Pro Tip: Check the Binance website or app regularly for the latest promotions and opportunities to earn rewards.

Binance Customer Support

Binance offers several channels for customer support:

  • 24/7 live chat support
  • Comprehensive FAQ database
  • Email support ticket system
  • Community forums
  • Social media support channels
Binance Customer Service

Note: Response times may vary during high-volume periods. Always use official Binance support channels and be wary of scams.

Pro Tips for Binance Users

  • Utilize Binance Academy for continuous learning about crypto and trading
  • Start with small trades to familiarize yourself with the platform
  • Use the Binance Testnet for practice without risking real funds
  • Set up price alerts for your favorite cryptocurrencies
  • Regularly review and adjust your portfolio
  • Stay informed about Binance news and updates through official channels
  • Consider using Binance's API for automated trading (advanced users)
  • Participate in Binance Launchpad events for early access to new tokens
  • Use Binance Earn features for passive income on your crypto holdings
  • Explore Binance's DeFi offerings for additional investment opportunities
  • Always enable all available security features for your account
  • Keep most of your long-term holdings in a personal wallet, not on the exchange

Frequently Asked Questions

Is Binance safe to use in 2024?

Yes, Binance is generally considered safe. They employ multiple security measures, including Two-Factor Authentication, the Secure Asset Fund for Users (SAFU), and regular security audits. However, users should always follow best security practices and be vigilant against phishing attempts.

How long does Binance verification take?

Binance verification typically takes 1-3 business days. During high-volume periods, it may take up to 15 days. Ensure all submitted documents are clear and meet the specified requirements to speed up the process.

What are the minimum deposit and withdrawal amounts on Binance?

Minimum deposit and withdrawal amounts vary by cryptocurrency and network. For example, the minimum Bitcoin (BTC) withdrawal is typically 0.001 BTC. Check the Binance fee structure page for specific details on each cryptocurrency.

Can I use Binance in my country?

Binance is available in over 180 countries, but regulations vary. Some countries may have restrictions on certain features. Always check the most up-to-date information on Binance's website or consult with local regulations before using the platform. US residents should use Binance.US.

How can I contact Binance customer support?

Binance offers 24/7 customer support through various channels:

  • Submit a ticket through the Binance website
  • Use the live chat feature in the app or website
  • Check the Binance FAQ and Help Center for quick answers
  • Follow official Binance social media accounts for updates and support

Remember, Binance will never ask for your private keys or passwords.

© 2024 COINOTAG. All rights reserved.

Disclaimer: This guide is for informational purposes only and does not constitute financial advice. Always do your own research and consider your financial situation before making investment decisions.