Binance Maker and Taker Fees Explained

What Are Maker and Taker

Before diving into the rates, you need to understand what Maker and Taker mean. These terms describe your role in a trade, not your identity.

Maker (Liquidity Provider)

When you place a limit order that doesn't fill immediately, it sits on the order book waiting for a match. This "makes" liquidity, so you're acting as a Maker.

Example: BTC is currently trading at 60,000 USDT. You place a buy order at 59,500 USDT. This order won't fill immediately — it sits on the book. When the price drops to 59,500 and matches with a seller, you're the Maker.

Taker (Liquidity Consumer)

When your order immediately matches with an existing order on the book, you "take" away liquidity — making you a Taker.

Example: BTC is at 60,000 USDT. You place a market buy order. It instantly fills against the lowest ask on the book — you're the Taker.

Why Maker Fees Are Lower

Exchanges incentivize users to place resting orders (add liquidity) because liquidity is an exchange's core competitive advantage. The thicker the order book, the better the trading experience, and the more users the platform attracts. Lower Maker fees are the incentive.

Binance Maker/Taker Rates by Trade Type

Spot Trading Rates

At VIP 0, spot Maker and Taker rates are identical at 0.1%. Starting at VIP 1, Maker rates drop below Taker. By VIP 9, Maker is just 0.01% while Taker is 0.03% — a 3x difference.

USDT-Margined Futures Rates

The Maker-Taker gap is even wider in futures. At VIP 0, Maker is 0.02% and Taker is 0.05% — Taker costs 2.5x more. This makes using Maker orders in futures especially rewarding.

Coin-Margined Futures Rates

Coin-margined futures have even lower Maker rates. At VIP 9, Maker fee is 0% — completely free to place orders on the book.

How to Ensure Maker Status

Understanding the fee gap is one thing — the practical question is: how do you make sure your orders execute as Maker?

Method 1: Use Limit Orders

Limit orders are the fundamental approach. Set a price that won't fill immediately:

• For buy orders: Set the price below the current market price.
• For sell orders: Set the price above the current market price.

As long as your limit order doesn't immediately match, it'll rest on the order book as a Maker order.

Method 2: Use Post Only Mode

This is the most reliable way to guarantee Maker status. In Post Only mode:

• If your order would fill immediately (becoming a Taker), the system automatically cancels it.
• Orders are only accepted if they'll rest on the book as Maker orders.

Steps

1. On the trading page, select "Limit Order."
2. Check the "Post Only" option.
3. Set your buy or sell price.
4. Submit the order.

Method 3: Avoid Market Orders

Market orders are always Taker orders because they immediately match against existing book orders. If you want Maker rates, don't use market orders.

Important Notes

Even with limit orders, if your price is too close to the current market price, the order may fill immediately and count as a Taker. For example:

• BTC is currently at 60,000 USDT
• You place a buy at 60,001 USDT
• This price exceeds the current lowest ask and fills immediately — counted as Taker

To avoid this, set your price within the spread (buy below the lowest ask, sell above the highest bid).

How Much You Actually Save

Spot Trading (VIP 0)

At VIP 0, Maker and Taker spot rates are both 0.1%, so there's no difference. With BNB discount:

• Maker + BNB: 0.1% × 75% = 0.075%
• Taker + BNB: 0.1% × 75% = 0.075%

At VIP 0 for spot, using Maker orders doesn't save on fees.

Futures Trading (VIP 0)

In futures, the difference is dramatic:

• Maker: 0.02%
• Taker: 0.05%

For a 100,000 USDT futures position:

• Maker opening fee: 100,000 × 0.02% = 20 USDT
• Taker opening fee: 100,000 × 0.05% = 50 USDT
• Savings per open: 30 USDT

Over 100 round trips in a month:

• Total Maker fees: 20 × 200 = 4,000 USDT
• Total Taker fees: 50 × 200 = 10,000 USDT
• Monthly savings: 6,000 USDT

The difference is substantial.

When You Must Be a Taker

While Maker rates are cheaper, some situations require Taker orders:

Emergency Stop-Loss

During sharp market moves when you need to close immediately, market orders (Taker) are the most reliable choice. A limit order might not fill if the price is moving fast, potentially leading to larger losses.

Quick Entry

When you see a move about to happen and need to establish a position immediately, a market order guarantees a fill. A limit order might miss the optimal entry point.

Low Liquidity

On small-cap tokens or illiquid pairs, limit orders might sit unfilled for a long time. Market orders ensure the trade gets done.

Maker/Taker Classification Details

Partial Fills

If a limit order partially fills immediately with the rest going on the book:

• The immediately filled portion is charged at Taker rates.
• The portion that rests on the book and fills later is charged at Maker rates.

Stop Orders

When stop-loss or take-profit orders trigger:

• Stop-Market: Becomes a market order after trigger — charged at Taker rates.
• Stop-Limit: Becomes a limit order after trigger — Maker rate if it doesn't immediately fill.

Summary

The core difference between Maker and Taker is whether you're adding liquidity to the order book (Maker) or consuming it (Taker). On Binance, futures trading has the largest Maker-Taker fee gap (0.02% vs. 0.05%), and using Post Only limit orders can dramatically cut your costs. For VIP 0 spot traders, Maker and Taker rates are the same, but the Maker advantage grows with every VIP tier increase. All traders should use limit orders whenever their strategy allows it to capture the lower Maker rate.