Binance, one of the world's leading cryptocurrency exchanges, has announced an extension of its popular fee discount program. By using Binance Coin (BNB) to pay for trading fees, users can continue enjoying a 25% discount on their transaction costs. This promotion, originally launched to celebrate Binance’s fifth anniversary, has been extended due to overwhelming demand and user appreciation.
Key Details of the BNB Fee Discount Program
- Discount Rate: 25% off trading fees
- Payment Method: Must use BNB for fee deductions
- Promotion Period: Extended until July 14, 2023 (07:59:59 UTC+8)
Why Use BNB for Trading Fees?
BNB, the native token of Binance, offers multiple utilities within the ecosystem:
- Reduced trading fees when used for fee payments.
- Participation in token sales and exclusive Binance events.
- Integration across DeFi, staking, and other crypto services.
👉 Learn more about BNB’s benefits
How to Enable BNB Fee Discounts
- Log in to your Binance account.
- Navigate to Dashboard > Settings > Fee Preferences.
- Toggle "Use BNB to Pay for Fees" to enable the discount.
Frequently Asked Questions (FAQs)
Q: Does the discount apply to all trading pairs?
A: Yes, the 25% discount applies to spot, margin, and futures trades when BNB is used for fees.
Q: What happens if I run out of BNB?
A: If your BNB balance is insufficient, Binance will automatically deduct fees from your other assets—but without the discount.
Q: Can I combine this discount with other promotions?
A: In most cases, no. Binance’s promotions are usually exclusive, but check their official announcements for exceptions.
👉 Maximize your savings with BNB
Important Notes
- Binance reserves the right to modify or terminate this promotion at any time.
- Always ensure you comply with the platform’s latest terms and conditions.
By leveraging BNB for trading fees, users can significantly reduce costs while engaging in crypto transactions. Stay updated with Binance’s official channels for further enhancements to this program.
Disclaimer: This content is for informational purposes only and does not constitute financial advice. Cryptocurrency trading involves risks; always conduct your own research.