Binance Offers Six Months of Zero-Fee Crypto Swaps to Boost Wallet Usage

Binance has launched a significant promotion for its wallet users, offering six months of zero-fee crypto swaps. This initiative, which began on March 17, 2025, is designed to attract retail traders by eliminating trading fees for swaps made through specific features within the Binance Wallet. The promotion applies to swaps conducted via the wallet’s integrated swap and bridge features or the quick buy option in Binance Alpha, a section highlighting tokens that could be considered for future listings. However, users must still cover network gas fees, as the exchange clarified that while trading fees are waived during the promotion period, network gas fees remain the responsibility of the user.

To qualify for the zero-fee swaps, users must trade using a backed-up keyless address within the wallet. This requirement means that users need to complete the backup process. Wallets imported with manually entered private keys or seed phrases do not meet the eligibility criteria. Additionally, swaps made through third-party decentralized applications (dApps) are excluded from the promotion, with only direct swaps within the Binance Wallet being eligible.

The introduction of this promotion is part of Binance’s broader strategy to enhance its Web3 ecosystem and attract more users. By removing trading fees, the exchange aims to make its wallet more appealing to retail traders, encouraging increased activity within the Binance Wallet. This move aligns with Binance’s ongoing efforts to promote its Web3 wallet, which was launched in November 2023 as a secure alternative to traditional self-custody wallets. The wallet utilizes multi-party computation (MPC) technology to eliminate the need for seed phrases, enhancing security and user experience.

However, the launch of the Web3 wallet was not without challenges. Shortly after its introduction, some users reported losing access due to regulatory reasons. This followed Binance’s exit from certain regions, when it sold its local business. Despite these setbacks, Binance continues to push for greater retail adoption, using promotions like the zero-fee swap offer to drive user engagement and activity within its ecosystem. While Binance has not indicated whether similar offers will be introduced in the future, this promotion signals a clear push to encourage more activity within the Binance Wallet.