$BTC Recently, I saw many people in the square wondering about the handling fee. Many people didn't know what happened when they checked the handling fee and paid tens of thousands of U. Today, I will explain in detail the handling fee rules of Binance.
1. First, let's understand the difference between taking orders and placing orders.
A placing order is a limit order, which means that the price has not reached your heart yet, so you place the order first, and wait until the price reaches the position you set before it will be traded, otherwise it will not be traded. And a taking order is to buy directly at the current market price.
2. Now that we understand the difference between placing orders and taking orders, let's look at the fee rate. You can see the red marked fee rates in the figure below. If you don't count the bnb discount rates, they are 0.02% and 0.05% respectively. If you open a Bitcoin contract of 100u✖️100 times, then your position is 10000u, then your placing order transaction fee is 2u, and the taking order fee is 5u. Note that the handling fee is collected twice, once for opening a position and once for closing a position. Take myself as an example. I often open positions with spot orders, and close positions at the market price for quick transactions. Then my handling fee is 2+5, a total of 7u.
Another point to note is that the stop-loss order is actually a market order. This is inevitable, because when we close a position, we want to trade quickly. If the price jumps too fast and directly skips the price you set, it is likely that the transaction will not be completed at that time, resulting in a liquidation. I have experimented several times myself. The price directly skipped the price I set. If it does not come back, it will not be traded all the time, and it may continue to lose money. If you don't pay attention, the position will be liquidated.
3. Now that we know how the handling fee is charged, let's talk about how to save the handling fee. The picture shows that the bnb deduction can reduce 10% of the handling fee. The operation method is to buy some bnb spot, transfer it to the contract wallet, and then check the bnb settlement fee. Another option is to activate the commission rebate for handling fees. After activation, no matter how much handling fees you generate, you can get a portion of it back. The ratio is generally in the range of 20% to 30%. If you need it, you can contact me. My address is in the top comment area of the 🐷 page. I guarantee that I am conscientious and reliable.