Binance is introducing a six-month zero-fee swap promotion for users of its Binance Wallet, but only those with backed-up keyless addresses will qualify.
Announced on March 17, the initiative allows eligible users to swap tokens without incurring trading fees when using Binance Wallet’s integrated swap and bridge features or the quick buy function within Binance Alpha. However, transactions conducted through third-party decentralized applications (dApps) do not qualify.
While Binance waives its fees, users still need to cover standard network gas fees.
“During the promotion period, trading fees for all swaps are waived. However, users will still need to pay for network gas fees,”
Binance clarified.
To take advantage of the promotion, traders must use a keyless address fully backed up within the Binance Wallet. Imported wallets relying on manually entered private keys or seed phrases will not be eligible.
Binance first introduced its wallet in November 2023, positioning it as a more user-friendly alternative to traditional self-custodial wallets by eliminating the need for seed phrases through multi-party computation (MPC) technology. However, shortly after its launch, Russian users began reporting restricted access.
The exchange later confirmed the restrictions were due to “regulatory reasons,” following Binance’s decision in September 2023 to exit the Russian market and sell its local business. The move came amid increasing limitations on Binance’s operations in Russia, including restrictions on peer-to-peer trading for Russian users.
The announcement came alongside Binance’s latest expansion of its Spot trading platform, which saw the addition of several new trading pairs on March 13, 2025, at 08:00 (UTC). The newly listed pairs included CVC/USDC, EURI/USDC, SYN/USDC, USDC/RON, and VELODROME/USDC. To enhance the trading experience, The exchange introduced Trading Bots services to automate trading strategies for these pairs. It implemented discounted taker fees on all USDC spot and margin trading pairs, effective until further notice.
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