The Binance taker fee applies whenever your order executes immediately by removing existing liquidity from the order book. Taker fees are typically higher than maker fees because you are consuming liquidity rather than creating it.
What Is a Taker Order?
A taker order matches against existing orders on the book at the moment of placement. Market orders are always taker orders since they execute at the best available price immediately. Limit orders placed at or beyond the current market price also act as takers if they match an existing order.
Taker Fee Rates by Product
Spot taker fee: 0.1% (0.075% with BNB). For USDC pairs, spot taker may drop to 0.095%. Futures USDT-M taker: 0.05% (0.045% with BNB). At VIP 1: spot taker 0.10%, futures taker 0.04%. VIP 9 futures taker: 0.017%.
IOC and FOK Orders Are Always Takers
Immediate-or-Cancel (IOC) and Fill-or-Kill (FOK) order types, available via the Binance API, are always treated as taker orders regardless of the price specified. This is because they prioritize immediate execution over resting on the order book.
Reducing Taker Fee Impact
The most effective way to reduce taker fees is to switch from market orders to limit orders where execution timing is not critical. Even placing a limit order at the best ask price for buys can qualify as a maker if it does not immediately match, saving 0.025% per trade at standard rates.
Taker Fee in High-Frequency Trading
For algorithmic and high-frequency traders, the difference between 0.1% taker and 0.075% maker may seem small but compounds dramatically at scale. A strategy executing $1 million in daily volume saves $250 per day by shifting from taker to maker orders, or $91,250 annually.
For the most current Binance maker taker fee rates, always verify on the official Binance fee schedule at binance.com/fee.