Review

Binance is the world's largest cryptocurrency exchange. Buy and sell Bitcoin and over 350 coins through its exchange with low fees. Alternatively, buy anonymously from others through its peer-to-peer marketplace. Speculate on cryptocurrency prices through futures and options. Or receive interest through crypto savings accounts and "liquidity pools".

  • Buying options
  • Fiat currencies: AUD and 45 others
  • Payment methods: Bank transfer, Debit or credit card
  • Pros
  • Over 350 coins.
  • One of the cheapest platforms.
  • One of the best mobile trading apps.
  • Access cryptocurrency savings accounts.
  • Trade cryptocurrency futures and options.
  • Cons
  • Customer support is under-whelming.
  • Binance has no official headquarters.

Instant Buy Fees

Fees

Buy or sell over 300 cryptocurrencies with a credit card or a debit card. Binance accepts both Visa and Mastercard, in some but not all countries.

This is the easiest way to buy crypto, but isn't the cheapest. You'll pay fees to Binance and to all other third parties involved in the transaction. This includes your card company (Visa or Mastercard) and bank.

Unfortunately, Binance isn't entirely transparent about the fees you will be charged. However, we understand that its fees can add up to 3.5% per transaction or 10 USD, whichever is higher. Other fees may apply.

We've listed these fees below to help you make an informed decision.

Instant Buy Fees
BinanceHuobi
Platform feesUp to 3.5% or USD 10, whichever is higher.0.3% + 0.75 in your currency.
Visa or Mastercard feesNAVisa: 0.02% if you live in the EEA, UK or Gibraltar, and 0.40% otherwise. Mastercard: 0.04% if you live in the EEA, UK or Gibraltar, and 0.45% otherwise.
Digital wallet feesNA1%
Bank fees (interchange fees)NADebit card: 0.20% if you live in the EEA, UK or Gibraltar, and 1.40% otherwise. Credit card: 0.30% if you live in the EEA, UK or Gibraltar, and 1.40% otherwise.

Trading Fees

Fees

Binance offers some of the lowest trading fees on the market. Further discounts are available if you trade large volumes.

Binance trading fees follow a tiered structure: the more you trade, the lower your fees. You can lower these fees even further by buying and holding Binance's token, called BNB. For simplicity, the fees published on this page are the ones you'll pay when you start trading on Binance, and don't include discounts.

Like most exchanges, Binance charges maker fees and taker fees. Taker fees apply when your order takes liquidity away from the market, as is the case with market orders. Maker fees apply when your order adds liquidity, as is the case with limit orders.

Trading Fees (Spot)
BinanceHuobi
Maker fees0.10%0.099%
Taker fees0.10%0.099%
Discount when holding its token20%29%
Trading Fees (Futures)
BinanceHuobi
Maker fees0.02% (USDS-M) - 0.01% (COIN-M)0.02% (COIN-M)
Taker fees0.04% (USDS-M) - 0.05% (COIN-M)0.04% (COIN-M)
Discount when holding its token10%NA

Margin Trading Fees

Fees

Trade cryptocurrency on margin with some of the lowest fees in the industry.

When you trade on margin, Binance will charge you interest on the amount borrowed. Interest rates are published on a daily basis, but are only calculated on an hourly basis. The more you trade, the lower your interest rate. For simplicity, the interest rates shown here don’t include volume-based discounts.

Suppose you buy 1 Bitcoin for $50,000 with a $10,000 initial margin and keep your position open for exactly 24 hours, you would pay just $2 in margin trading fees. This is calculated as $10,000 x 0.02%. These fees are in addition to Binance's usual trading fees, which apply whenever you open and close a position.

To help you compare margin trading fees across exchanges, we've converted their fees into daily equivalent rates. As interest rates change from time to time, please visit Binance.com for the most up-to-date information.

Daily Equivalent %
BinanceHuobi
BTC0.02%0.098%
ETH0.02%0.098%
USDT0.06%0.098%
BNB0.30%NA

P2P Fees

Fees

Buy cryptocurrency entirely free of charge through Binance P2P, as only sellers pay a commission.

Binance P2P is an online marketplace that connects buyers and sellers of cryptocurrency. Create an account to search and filter sellers by fiat currency, cryptocurrency and payment method. As a buyer, the price you see is the price you pay.

Binance P2P is free for buyers. Binance P2P only charges sellers a commission on completed orders. At present, Binance charges sellers a 0.35% commission on USD sales, and a 0% commission on those denominated in GBP and EUR.

P2P Fees
BinanceHuobi
Buyer fee0%0%
Seller feeBetween 0% and 0.35%, depending on the fiat currency and the cryptocurrency.0%
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cryptobuyer.com is NOT a crypto-currency exchange. We does NOT accept deposits, do NOT process payments, do NOT advise on investments and do NOT arrange investments. We're an online publication with a focus on crypto-currencies. Information published on this website and in our external communications is factual and for information purposes only. It does NOT constitute financial advice. cryptobuyer.com is the trading name of Hades Capital Limited, a company incorporated with the Dubai Development Authority, Dubai, United Arab Emirates under registration no. 101647.