In the world of cryptocurrency investing, many traders overlook a critical factor: trading fees. While these costs may seem negligible—just a small percentage of your total assets—they can accumulate significantly over time, especially with frequent trading. Every buy, sell, or position adjustment comes with a fee, and when compounded across multiple transactions, these charges directly impact your net returns.
Believe it or not, these "small" fees are what sustain major exchanges—and even helped launch public companies like Coinbase (COIN). Before chasing high returns, smart investors focus on minimizing unnecessary costs. By optimizing your trading fee structure, you naturally boost your effective yield.
This guide breaks down the fee models of three popular platforms used by Taiwanese investors: Mitrade, MAX Exchange, and Binance. We'll compare their pricing structures, identify cost-saving strategies, and help you choose the most suitable platform based on your trading style.
Key Differences Between Mitrade, MAX, and Binance
While all three platforms support cryptocurrency trading, they differ significantly in product offerings, fee structures, regulatory oversight, and target audiences.
Mitrade – Ideal for Contract Traders
Mitrade is an international multi-asset CFD (Contract for Difference) platform regulated by CIMA, AFSL, ASIC, and FSC. It offers crypto, forex, stocks, and commodities with leveraged trading up to 10x. The platform uses a market maker model, ensuring stable spreads and strong liquidity. It’s particularly appealing to traders who prioritize regulatory compliance and fund security.
👉 Discover a transparent fee structure designed for active traders.
MAX – Trusted Local Exchange for Spot Investors
Operated by Maicoin Group since 2018, MAX is one of Taiwan’s most trusted local exchanges. It focuses on spot cryptocurrency trading with over 32 supported coins. MAX uses an order book system, offering tiered fee discounts based on trading volume and holdings. It’s ideal for long-term investors and those who prefer using TWD deposits via local banking methods.
Binance – Global Leader for Diverse Crypto Trading
Binance dominates the global market with over 350 cryptocurrencies available for spot and futures trading (including perpetual and delivery contracts). It supports up to 20x leverage and operates under multiple international regulators like SFC and FCA. Its volume-based VIP tiers and BNB utility token make it a top choice for high-frequency traders seeking low fees.
How Trading Fees Work: A Platform-by-Platform Breakdown
Understanding how each platform calculates fees is essential for cost-efficient trading.
Mitrade: Zero Commission, Spread-Based Pricing
Mitrade doesn’t charge traditional trading commissions. Instead, revenue comes from floating spreads—the difference between the buy and sell price. This model benefits short-term traders who execute many small trades.
Key Fee Structure:
- Trading Fee: 0%
Overnight Holding Fee:
- Long positions: ~0.05% per day (floating)
- Short positions: ~0.02% per day (floating)
- Charged at 5:00 AM daily; only applies if using leverage
- Deposit Fee: Free (supports TWD and USDT)
Withdrawal Fee:
- <$10K monthly deposit: 1 free withdrawal/month
- ≥$10K monthly deposit: 2 free withdrawals/month
- Additional withdrawals: $5 each
💡 Best for: Traders who want simple, predictable costs without hidden fees.
💳 Supported Deposit Methods: Visa, online banking, e-wallets, ATM transfer, QR code payments, bank wire, USDT
⏱️ Deposit Processing: Instant to 1 business day
MAX: Tiered Fees Based on Volume & Holdings
MAX uses a tiered VIP system (10 levels) where fees decrease as your 30-day trading volume and asset holdings increase.
Sample Fee Tiers:
VIP 0 (<NT$3M volume):
- Maker (limit order): 0.05%
- Taker (market order): 0.15%
VIP 1 (NT$3M–10M volume):
- Maker: 0.045%
- Taker: 0.135%
- Each subsequent tier reduces maker fees by 0.005% and taker fees by 0.015%
- VIP 8: Maker fee drops to 0%, taker at 0.05% (requires ≥NT$1.5B volume)
Additional Costs:
- Deposit: Free (instant)
- Withdrawal: NT$30 per transaction (1–2 days)
- Blockchain withdrawal fees vary by coin
💡 Pro Tip: Don’t over-leverage to reach higher tiers—focus on sustainable growth instead.
Binance: Flexible Pricing with BNB Incentives
Binance also uses a volume-based VIP system (9 levels), combining 30-day trade volume with BNB holdings to determine rates.
Fee Examples:
Standard User:
- Maker/Taker: 0.1% each
VIP 3 (≥$2M volume + ≥250 BNB):
- Maker: 0.042%
- Taker: 0.06%
Additional Features:
- Use BNB to pay fees for a 25% discount
- TUSD makers: Zero fee
- Referral rewards: Up to $100 in fee credits
👉 Learn how top traders minimize fees using smart strategies.
💳 Supported Deposits: Credit/debit cards, third-party gateways, crypto wallets
⚠️ Withdrawal fees fluctuate based on blockchain congestion—always check current rates before transferring.
Step-by-Step Trading Guide: Getting Started on Mitrade & Binance
Regardless of platform, the core process remains consistent:
- Register an account
- Complete KYC verification
- Set up security (2FA, email/SMS alerts)
- Deposit funds
- Begin trading
Let’s walk through real examples.
Mitrade Trading Process
- Visit the official site and click “Open Live Account”
- Complete identity verification and set up two-factor authentication
- Deposit funds via preferred method (TWD or USDT accepted)
- Search for your desired asset (e.g., BTC/USD)
- Enter trade details: direction (buy/sell), order type (market/limit), size, leverage
- Click “Buy/Sell” to execute
Binance Trading Process
- Sign up using email, phone, or Google account
- Go to Profile > Security Settings to complete KYC and enable 2FA
- Navigate to Wallet > Deposit to add funds via card or crypto transfer
- Switch to Spot or Futures trading interface
- Place your order using limit, market, or advanced order types
Smart Strategies to Reduce Your Trading Costs
Even small savings add up over time. Here are proven tactics to cut fees across platforms.
On Mitrade:
- Close leveraged positions before 5:00 AM to avoid overnight funding charges
- Reopen after the rollover period if holding longer term
- Participate in promotions—new users often receive $100 in trading credit
On MAX & Binance:
- Hold platform tokens (MAX token, BNB) for fee discounts
- Combine forces with trusted friends to boost collective volume and unlock better tiers
- Use limit orders more than market orders—makers usually pay lower fees
On Binance Futures:
- Choose delivery contracts over perpetuals to avoid daily funding fees
- Opt for quarterly or next-quarter expiries to reduce risk of forced liquidation
- Avoid contracts nearing expiration unless actively managing roll-over
Frequently Asked Questions (FAQ)
Q: Which platform has the lowest trading fees for beginners?
A: Mitrade offers zero commission trading with transparent spread pricing, making it ideal for new traders focused on simplicity.
Q: Can I reduce fees on Binance without being a VIP?
A: Yes! Simply hold BNB and use it to pay fees—you’ll instantly get a 25% discount regardless of VIP status.
Q: Are there hidden costs on MAX Exchange?
A: No hidden fees, but remember that withdrawal costs NT$30 per transaction and blockchain gas fees apply when moving crypto off-platform.
Q: Is leveraged trading cheaper on Mitrade or Binance?
A: Mitrade offers lower overall costs for short-term leveraged trades due to no base commission, though overnight fees apply.
Q: Does holding more assets lower my fees on MAX?
A: Yes—both your 30-day trading volume and wallet balance contribute to your VIP level determination.
Q: Are CFD platforms like Mitrade safe?
A: Mitrade is regulated by multiple authorities (ASIC, AFSL), keeps client funds in segregated trust accounts, and emphasizes transparency—making it a secure option compared to unregulated exchanges.
Final Thoughts: Choose the Right Platform for Your Style
Your ideal exchange depends on your goals:
- For active contract traders seeking regulatory safety and simple pricing → Mitrade
- For long-term spot holders preferring local support and TWD integration → MAX
- For advanced users wanting maximum coin variety and global access → Binance
👉 See how leading traders optimize their fee structures across platforms.
Always prioritize security and transparency over minor fee differences. Avoid unknown platforms promising ultra-low fees—many lack proper regulation and could put your capital at risk.
Remember: Consistent profitability isn’t just about winning trades—it’s about keeping more of what you earn.
Disclaimer: This article reflects general market insights and should not be considered financial advice. CFDs are complex instruments with high leverage risk—losses can exceed deposits. Always conduct independent research or consult a professional advisor before trading.