Binance Wallet Shocks Traders with 6-Month Zero-Fee Crypto Swaps

Binance has introduced a six-month promotion that allows Binance Wallet users to swap crypto without paying trading fees. The offer, which began on March 17, 2025, is aimed at retail traders but comes with specific conditions.

The promotion applies only to swaps made through Binance Wallet’s integrated swap and bridge features or the quick buy option in Binance Alpha. Binance Alpha is a section of the wallet showcasing tokens that could be considered for future listings.

While Binance has removed its trading fees, users must still cover network gas fees. The exchange clarified, “During the Promotion Period, trading fees for all swaps are waived. However, users will still need to pay for network gas fees.”

Who Can Qualify?

Not all Binance Wallet users can access the zero-fee swaps. To qualify, users must trade using a backed-up keyless address within the wallet. This means they need to complete the backup process. Wallets imported with manually entered private keys or seed phrases do not meet the eligibility criteria.

Swaps made through third-party decentralized applications (dApps) are also excluded from the promotion. Only direct swaps within the Binance Wallet are eligible.

Binance Wallet’s Evolution

Binance introduced its Web3 wallet in November 2023, promoting it as a secure alternative to traditional self-custody wallets. The wallet removes the need for seed phrases by using multi-party computation (MPC) technology.

Shortly after the launch, some Russian users reported losing access. Binance later explained that access restrictions were due to “regulatory reasons.” The move followed Binance’s exit from Russia in September 2023, when it sold its local business.

Binance’s Push for Retail Adoption

This promotion is part of Binance’s ongoing effort to bring more users into its Web3 ecosystem. By removing trading fees, the exchange is making its wallet more appealing to retail traders.

Binance has not said if similar offers will be introduced in the future, but the move signals a push to encourage more activity within Binance Wallet.