Binance Spot Trading Fees Explained: The Difference Between Maker and Taker

When trading spot on Binance, you'll encounter two different fee rates: the Maker rate and the Taker rate. Understanding the difference isn't just basic knowledge — it's the key to saving money. A trader with 300,000 USDT in monthly volume who uses exclusively Taker orders instead of Maker orders could pay roughly 2,160 USDT more in fees per year at VIP 3.

What Are Maker and Taker?

Maker (Order Placer)

When you submit a limit order that doesn't execute immediately and instead sits on the order book waiting for a counterparty to fill it, you are the Maker. Your order "makes" liquidity in the market.

Typical example:

• BTC is currently at 65,000 USDT. You place a buy limit order at 64,500 USDT.
• This order doesn't execute immediately — it sits on the order book.
• When the price drops to 64,500, someone's sell order matches yours, and you are filled as the Maker.

Taker (Order Filler)

When your order executes immediately against an existing order on the order book, you are the Taker. You "take" liquidity from the market.

Typical example:

• BTC is currently at 65,000 USDT. You submit a market buy order.
• Your order executes immediately at the best available price.
• You are the Taker, consuming someone else's resting sell order.

Easy Memory Aid

Role	Order Type	Immediate Execution?	Liquidity Effect	Fee Rate
Maker	Typically limit order	No — waits on order book	Adds liquidity	Lower
Taker	Typically market order	Yes — executes immediately	Removes liquidity	Higher

Important note: Limit orders can also become Taker orders. For example, if BTC is at 65,000 and you place a limit buy at 65,100, it will execute immediately because the market price is already below your limit — making you a Taker.

Binance Spot Maker/Taker Fee Rate Table

Standard Rates (Without BNB Deduction)

VIP Level	30-Day Volume (USDT)	Maker Rate	Taker Rate	Difference
VIP 0	< 1M	0.1000%	0.1000%	0%
VIP 1	≥ 1M	0.0900%	0.1000%	0.01%
VIP 2	≥ 5M	0.0800%	0.1000%	0.02%
VIP 3	≥ 20M	0.0420%	0.0600%	0.018%
VIP 4	≥ 50M	0.0420%	0.0540%	0.012%
VIP 5	≥ 100M	0.0360%	0.0480%	0.012%
VIP 6	≥ 250M	0.0300%	0.0420%	0.012%
VIP 7	≥ 500M	0.0240%	0.0360%	0.012%
VIP 8	≥ 1B	0.0180%	0.0300%	0.012%
VIP 9	≥ 1.5B	0.0120%	0.0240%	0.012%

Rates With BNB Deduction

VIP Level	Maker Rate (BNB)	Taker Rate (BNB)
VIP 0	0.0750%	0.0750%
VIP 1	0.0675%	0.0750%
VIP 2	0.0600%	0.0750%
VIP 3	0.0315%	0.0450%

Real-World Impact of the Rate Difference

At VIP 0, Maker and Taker rates are identical at 0.1%. From VIP 1 onward, the two diverge, and the difference grows with each higher level.

Example Calculation: Annual Difference for a VIP 3 User

Assume a VIP 3 user with 300,000 USDT monthly volume:

All Taker orders:

• Monthly fees: 300,000 × 0.06% × 2 = 360 USDT
• Annual fees: 4,320 USDT

All Maker orders:

• Monthly fees: 300,000 × 0.042% × 2 = 252 USDT
• Annual fees: 3,024 USDT

Annual difference: 4,320 − 3,024 = 1,296 USDT

Adding BNB deduction:

• Maker + BNB: 300,000 × 0.0315% × 2 = 189 USDT/month → 2,268 USDT/year
• Taker without BNB: 4,320 USDT/year
• Maximum savings: 2,052 USDT/year

How to Ensure Your Orders Execute as Maker

Method 1: Set a Limit Buy Below the Current Price

BTC is currently at 65,000 USDT and you want to buy:

• Set a buy order at 64,800 USDT (below current price)
• The order will sit on the order book waiting to be filled
• When filled, the Maker rate applies

Method 2: Set a Limit Sell Above the Current Price

BTC is currently at 65,000 USDT and you want to sell:

• Set a sell order at 65,200 USDT (above current price)
• The order will sit on the order book waiting to be filled
• When filled, the Maker rate applies

Method 3: Use Post-Only Mode

Binance offers a Post-Only (Maker-only) order mode. Under this mode:

• If your order would execute immediately (as a Taker), it is automatically cancelled
• Ensures your order can only be filled as a Maker
• Ideal for fee-sensitive strategy traders

How to enable: In the order entry interface, select "Limit Order," then check "Post Only" in the advanced options.

When to Use Taker Orders

Even though the Maker rate is lower, Taker orders have their place:

Situations Where Taker Orders Make Sense

1. During fast-moving markets: When prices are swinging violently, limit orders may not fill, causing you to miss the best opportunity.
2. When cutting losses: You need to close a position immediately and can't wait for a limit order to fill.
3. In arbitrage trades: Immediate execution is needed to lock in the price difference.
4. For small trades: The fee difference is so small it's not worth waiting for a limit fill.

Rate Difference Threshold Analysis

Trade Amount (USDT)	VIP 0 Maker/Taker Diff	VIP 3 Maker/Taker Diff
100	0 USDT	0.018 USDT
1,000	0 USDT	0.18 USDT
10,000	0 USDT	1.8 USDT
50,000	0 USDT	9 USDT
100,000	0 USDT	18 USDT

For VIP 0 users, spot Maker and Taker rates are the same, so there's no need to specifically pursue Maker fills. But for VIP 1 and above, large trades should use Maker orders whenever possible.

Techniques for Getting Limit Orders Filled

Setting Sensible Limit Prices

If you place your limit order too far from the current price, it may not fill for a long time. Here are some guidelines:

Market Condition	Suggested Price Offset	Fill Probability
Sideways range	0.1%–0.3%	High
Strong uptrend	0.05%–0.1% (for buys)	Medium
Strong downtrend	0.05%–0.1% (for sells)	Medium
High volatility	0.5%–1%	Low but better price

Staged Order Strategy

Split large buys or sells into multiple limit orders at different price levels:

Example: Planning to buy 1 BTC (~65,000 USDT)

• 0.3 BTC @ 64,800 USDT
• 0.3 BTC @ 64,600 USDT
• 0.4 BTC @ 64,400 USDT

Benefits of this approach:

1. Ensures Maker rate execution
2. Achieves a better average entry price
3. Spreads execution across levels, reducing market impact

Checking Your Maker/Taker Ratio

Want to know what percentage of your orders are Maker vs. Taker?

1. Log in to Binance → Orders → Order History
2. Check the fee rate on each filled trade
3. 0.1% (at VIP 0) indicates a Taker fill
4. Calculate your Maker percentage and assess optimization potential

If your Taker ratio exceeds 70%, there is significant room for improvement. Try converting more trades to limit orders and gradually increase your Maker ratio.

Summary

The Maker/Taker rate difference is the core mechanism of Binance's fee structure. For VIP 0 users, the spot Maker and Taker rates are the same, so there's no need to worry about it. But as VIP levels increase, the difference becomes increasingly meaningful. A VIP 3 user who converts 80% of trades to Maker orders — combined with BNB deduction — can save thousands of USDT per year in fees.

Core advice: Whenever you're not in a hurry to execute, use limit orders and let them fill as Maker. This habit not only saves fees, but often results in better execution prices as well.

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