How to Reduce Trading Fees
Trading fees can significantly impact your profits over time. Here are proven strategies to minimize your costs.
1. Use Referral Codes
Most exchanges offer fee discounts when you sign up with a referral code. These discounts typically range from 10% to 20% off trading fees and apply for the lifetime of your account.
Use our calculators to see exactly how much you can save with referral discounts on each exchange.
2. Place Limit Orders
Maker fees are almost always lower than taker fees. By using limit orders instead of market orders, you can reduce your fees on every trade. Some exchanges even offer zero maker fees for certain trading pairs.
3. Hold Exchange Tokens
Many exchanges have their own tokens (BNB for Binance, OKB for OKX) that provide fee discounts when held or used to pay fees:
- •Binance: Pay fees with BNB for 25% discount
- •OKX: Hold OKB for tiered fee reductions
- •KuCoin: Hold KCS for up to 20% discount
4. Increase Trading Volume
All major exchanges have VIP tiers that reduce fees based on your 30-day trading volume. High-volume traders can access significantly lower rates, sometimes as low as 0.02% maker fees.
5. Compare Exchanges
Fee structures vary significantly between exchanges. Some exchanges are better for spot trading while others offer lower futures fees. Use our calculators to compare total costs across different platforms.
6. Avoid Unnecessary Trades
Every trade costs money in fees. Reducing overtrading and focusing on quality setups naturally reduces your total fee expenditure. Consider your fee costs when calculating potential profit targets.
Quick Fee Reduction Checklist
- Sign up with a referral code
- Use limit orders when possible
- Consider holding exchange tokens
- Compare fees across exchanges
- Track your total fee expenditure