Binance fee limited to 0,03 % ?

[Tytanowy Janusz]

I'd like to share with you my idea how to decrise your transaction fees on binance to 0.03%. Ive done it weeks ago and it still works for me.

First of all binance is now theone of the biggest cryptocurrency exchange with very low fee which is initially 0.1%. For investors its unnoticeable but for daytraders it is. In this post i'll show you how to decrise it by 60% or even 70%.

Decrising fee by 50% to 0,05%

I think almost every binance user knows it. When you have BNB (biance coin) your fee is decrised by 50% to 0,05%

So all you have to do is buy small amout of BNB (whitch is by the way good investment). Smallest transaction on binance is 0.001 BTC ~ 10$

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EDIT:

Following content is vailating binance rules. I did not notice it. Thanks to SFR10 for correcting me.

Binance will check for duplicate or fake accounts and will not pay out referral bonuses on these accounts. Duplicate or shared finances will result in disqualification.

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Decrising fee by another 10% to 0,04%

To do this you will have to take advantage of their referral program:



Just create another account using referral link from your current account.
Than transfer all your cryptocurrencies to new account and use it as your main now.
20% form your fees will go to your old account, where they will accumulate. - after few weeks of trading i just withdraw more than 100$ - which is not a gamechanger but its more  than 1/10 of average salary in my Country only by reducing fees.

Decrising fee by another 10% to 0,03%

This one is only for high volume traders. Becouse you need to hodl at least 500BNB which is ~8000$ (i highly dont recomend invest that much if you dont believe in future of BNB - personally i do) on your wallet. This will allow you to take advantege from secon binance bonus:

"The commission you receive from the referral program will initially be set at a rate of 20%. For accounts holding 500BNB or more, this rate will increase to 40%."

Last think I want to say is warning you about withdrawal fees. They don't depends on how much you want to withdraw. So to save your money its better to sell all your currencies and do one big transfert to your new account.
Here you can check all withdrawal fees. https://www.binance.com/fees.html . As you can see NEO is free

[SFR10]

Decrising fee by another 10% to 0,04%

To do this you will have to take advantage of their referral program:

https://i.imgur.com/OoUoIew.png

Just create another account using referral link from your current account.
Than transfer all your cryptocurrencies to new account and use it as your main now.
20% form your fees will go to your old account, where they will accumulate. - after few weeks of trading i just withdraw more than 100$ - which is not a gamechanger but its more  than 1/10 of average salary in my Country only by reducing fees.

By doing that, you'll be violating their rules (referral program).

• What you're suggesting, is unethical (it's a form of cheating).

Ive done it weeks ago and it still works for me.

But that doesn't mean "it's fine/you're allowed to do it".

Binance will check for duplicate or fake accounts and will not pay out referral bonuses on these accounts. Duplicate or shared finances will result in disqualification.

[shilpyh]

Just create another account using referral link from your current account.
Than transfer all your cryptocurrencies to new account and use it as your main now.

I think creating duplicate Account on any site is policy violation and also I think it is unethical.