Does Binance Spot Order Cancellation Cost Fees? Charges for Partial Fills Explained

Canceling a Binance spot order is completely free, whether you cancel it immediately after placing it or hours later. Many beginners mistakenly think that canceling an order incurs the 0.1% trading fee; in reality, fees are only charged on the portion that is actually filled. Any unfilled part of an order can be canceled without any deduction. You can verify this by placing a limit order far from the market price on the spot page of the Binance official site and then canceling it—your account balance will remain unchanged. For daily operations, the Binance official APP is much more convenient. iOS users should first follow the iOS installation guide to set up a US Apple ID.

The Core Rule: Fees Only on Executed Portions

The fee logic for Binance Spot is very straightforward:

• Fees are only charged on portions that actually execute (0.1% standard, or 0.075% with BNB deduction).
• Unfilled portions: Free to cancel.
• Orders canceled with zero fill: Free.
• Failed or rejected orders: Free.

This rule applies across all order types: Limit, Market, Stop-Limit, and OCO orders.

Canceling a Completely Unfilled Order

This is the most common scenario, such as when you place a limit order and want to adjust the price before it hits.

Process

1. Go to the "Open Orders" page.
2. Find the order you want to cancel and click the "Cancel" button on the right.
3. Confirm the cancellation; the order will be removed from the order book immediately.
4. The frozen coins/USDT will be released back to your spot wallet's available balance instantly.

Costs

• Cancellation Fee: 0 USDT
• Trading Fee: 0 USDT (since nothing was filled)
• Total Cost: 0

After canceling, you can place a new order at any time with any price or quantity. Binance does not have strict limits on cancellation frequency, provided it isn't high-frequency API abuse.

Canceling After a Partial Fill

This scenario often confuses new traders.

Example Scenario

You place a limit sell order for 2 ETH at 3,500 USDT. After a few seconds, someone buys 0.8 ETH. You decide to cancel the remaining 1.2 ETH.

Fee Calculation

• Filled 0.8 ETH: You pay the trading fee on this portion (0.8 × 3,500 × 0.001 = 2.8 USDT, or 2.1 USDT with BNB deduction).
• Unfilled 1.2 ETH: Upon cancellation, this portion is unfrozen and returned to your account without any charges.

You only pay for what was actually traded. The remaining 1.2 ETH costs you nothing to cancel.

Order Status

After canceling a partial fill, the order status will show as "Partially Filled & Canceled." In your order history, you will see:

• Total Quantity: 2 ETH
• Filled Quantity: 0.8 ETH
• Canceled Quantity: 1.2 ETH
• Fee: 0.0028 ETH (or equivalent in BNB/USDT)

Cancellation Fees by Order Type

• Limit Order: Free to cancel if unfilled; only the filled portion incurs fees.
• Market Order: Rarely cancelable as they fill instantly; cancellation attempts usually result in a rejection.
• Stop-Limit Order: Free to cancel before triggering. Once triggered, it follows Limit order rules.
• OCO Order: Free to cancel before triggering; triggering one side automatically cancels the other for free.
• Trailing Stop: Free to cancel before it is triggered.

In every case, if it hasn't filled, canceling is free.

When Might Cancellation "Fail"?

A failed cancellation doesn't mean you are charged; it means the system couldn't process the request.

Case 1: Order Already Completed

If the order fills exactly as you click cancel, the system will return "Order already completed, unable to cancel." The standard 0.1% fee applies because the trade executed, but there is no extra "failure fee."

Case 2: Order Already Canceled

If you click cancel twice, the second attempt will return "Order already canceled." No fees are incurred.

Case 3: Abnormal Order Status

Rarely, network or system glitches might cause desynced statuses. Refreshing the page or contacting support usually resolves this. No fees apply.

Are There Limits on Frequent Cancellations?

Manual users face no obvious limits on how many times they can cancel. However, if you use an API for high-frequency trading, excessive placement and cancellation may trigger Rate Limits or abnormal trading behavior detection.

Indicators of Abnormal Behavior

• Hundreds of placements and cancellations per second.
• Orders that never intend to fill, used only for order book manipulation.
• Wash trading between multiple accounts.

These actions can be flagged as market manipulation, leading to API restrictions or account freezes. Regular manual users have nothing to worry about.

Impact of Cancellation on VIP Levels

VIP levels are determined by trading volume. Canceled orders do not count toward this volume.

Impact on Volume

• Place 1,000 USDT, fully filled: Counts as 1,000 USDT volume.
• Place 1,000 USDT, fully canceled: Counts as 0 volume.
• Place 1,000 USDT, 400 USDT filled and 600 USDT canceled: Counts as 400 USDT volume.

Users aiming for VIP status must ensure their trades actually execute.

Maker/Taker Status and Cancellation

The Maker/Taker status is determined per individual execution.

• If your limit order is partially filled and then canceled, the executed portion is counted as Maker (if it sat on the order book).
• The canceled portion has no impact on fee calculations.

Practical Scenarios for Cancellation

Scenario 1: Price Entry Error

If you mistype a number, cancel it immediately and re-enter at zero cost.

Scenario 2: Sudden Market Shift

You place a buy order but see negative news. Cancel immediately to protect your capital.

Scenario 3: Optimizing Order Price

If the market moves away from your price, cancel and re-place at a more realistic level.

Scenario 4: Adjusting Position Size

If you wanted to buy 1,000 USDT but change your mind to 500 USDT, cancel the original and re-place.

Scenario 5: Emergency Observation

During extreme volatility, you might cancel all open orders to wait and see.

How to Bulk Cancel Orders

If you have many open orders and want to cancel them all at once:

In the App

1. Go to "Open Orders."
2. Look for "Cancel All" in the top right or select multiple orders for bulk cancellation.
3. You can filter by trading pair to cancel only specific coins.

On the Web

1. Use the order area at the bottom of the trading page.
2. Click the "Cancel All" button.
3. Alternatively, click the "X" next to each individual order.

Via API

• Use DELETE /api/v3/openOrders to cancel all open orders for a specific symbol.
• This requires API Key permissions.

Bulk cancellation is also free and processed very quickly by the system.

FAQ

Q: My order was 1% filled. Does canceling cost fees for that 1%? A: Yes. Cancellation is free, but the 1% that executed will incur the standard 0.1% fee. The remaining 99% is canceled for free.

Q: Can I wash trade by canceling to boost my VIP volume? A: No. Canceled orders do not count toward trading volume. Only executed trades count.

Q: Can I cancel a stop-loss order that has triggered but not yet filled? A: Yes. Once triggered, a stop-loss becomes a limit order on the book. If you cancel it before it executes, there are no fees.

Q: When one side of an OCO order triggers, does the automatic cancellation of the other side cost anything? A: No. The automatic cancellation in an OCO pair is a system function and is completely free. You only pay for the side that filled.

Q: How soon are my funds available after canceling? A: Immediately. The moment the cancellation is confirmed, the locked coins/USDT return to your available balance.

Q: Is there a frequency limit for manual cancellations? A: There is no hard limit for manual use, though canceling dozens of times within a few seconds might trigger a temporary rate limit.

Summary

Canceling a Binance Spot order is completely free, regardless of how many times you do it, how long the order sat, or the order type. Fees are only paid on the portion that actually executes, usually at a rate of 0.1%. This is a user-friendly rule that allows you to experiment with different order strategies without financial penalty.

Beginners don't need to worry about losing money over a mistyped price. If an order feels wrong, cancel it, adjust, and re-place—there is no cost for doing so. This flexibility, combined with the price control of limit orders, is one reason why the Binance trading experience is highly regarded.