Today, let's consider a question about fee refunds!!!
Is the fee refund real, and is it necessary to pursue it?

For Binance users, if you are only trading in spot markets, you may not need this fee refund because the platform offers zero trading fees for the FDUSD trading pair; you won’t incur any fees and can focus on making profits from trades.

For users engaging in contract trading, it’s best to get one, because every order will generate fees, and every fee will be refunded, so the refunds accumulate with each trade. (At this point, some people may say that fee refunds are fake, and your fees are taken by higher-ups.)

First, you need to consider a question: if you do not have a fee refund, have you paid all your fees? If someone gives you back a portion and takes a small profit in between, that’s normal. It’s impossible for them to not earn anything at all; even a saint cannot achieve that.
You should know that in this society, without any mutual benefit, no one trusts anyone else.

Moreover, to ensure stable weekly fee refunds, user data must not have discrepancies, and it should be easy for users to verify the refund data. Daily refund data must have an ID for statistics, and all of this requires KOLs to manage it. (This is limited to individuals; other KOLs may not be aware, and you can see the differences.)

Most importantly: professionals providing fee refund services do not engage in trading, do not promote cryptocurrencies, and do not involve users in any trading matters.
If users encounter issues on the platform, they can consult us, and we will provide detailed answers to clarify any doubts.
#手续费

Why is the handling fee high for contract trading? How to save money?

According to the calculation formula of handling fee: handling fee = position value × handling fee rate

We can deduce why the handling fee is high and how to save money:

1. Large position value
The position value far exceeds the principal, which means high leverage. For example, if you only have 100U and open 100 times leverage. After a complete transaction, the handling fee expenditure ranges from 4U-10U. Who wouldn’t find it expensive to pay a handling fee of 4% to 1/10 of the principal?

2. Limit price market price handling fee rate
If you are careful, you will find that the handling fee I calculated in the first item is 4U-10U. This is because I calculated it based on the handling fee rate of ordinary users’ limit price of 20,000 and market price of 50,000.

It can be clearly seen that the limit price handling fee expenditure is much lower than the market price handling fee expenditure.

So the second item is to use more limit price transactions in transactions.

Of course, other ways to save money can be derived according to the platform policy.

3. VIP level
This is to gradually reduce the transaction fee according to the user's VIP level. Of course, to reach the VIP level, there are certain requirements and trading volume. This method is useless for users without a certain amount of funds.

4. Hold BNB
This is applicable to all users. As long as you transfer enough BNB to pay the transaction fee to the trading account, you can enjoy the transaction fee rate discount.

5. Exchange rebate mechanism (saving money and making extra money)
This is also applicable to all users. Rebate is an incentive mechanism for new users on the platform. For users who make orders, a certain proportion of the fee will be returned.

How to get rebates?
Users can enjoy rebates by filling in the invitation code when registering an account.
Note: Different invitation codes, rebate ratios, rebate methods, and rebate times are different. Please choose carefully.
#手续费 #手续费返佣

Brief explanation of Binance event contracts

First of all, this project is only displayed to some users now. Many users do not have this, but you can learn about it first.
Location details: Users can first go to the APP contract interface. There is an activity at the top. Click on it to get the event contract.

How to operate the event contract?
Now there is only BTC/USDT trading pair. In units of time (currently 10 minutes, 30 minutes, one hour, one day), buy whether the price will rise or fall at this time, and the minimum 5U will be used for guessing.
It is a "yes" or "no" prediction of the results of future events. If it is correct, the compensation will be paid. If it is incorrect, the premium paid will be limited to loss.

Note: Event contracts will not generate handling fees, so there is no handling fee rebate.
#事件合约

Some users who trade contracts may find that despite making profits for several days, it seems they haven't earned much money. Let's take a look at the reasons behind this with spot trading!!!

Open the Binance APP -- Bottom funds -- Top select contracts -- Today's realized profit and loss -- Funding fees and trading fees -- Show trading fees.
This way you can see your fees and funding costs across different cryptocurrencies over the past year.

Why start with the issue of fees? Let's calculate it based on an ordinary user's situation.
Limit order fee is 0.02%, market order fee is 0.05%, which is the fee rate for ordinary users.

Suppose: with 100x leverage, pure limit order trading, the position profit must reach over 4% to count as your profit. Similarly, with pure market order trading, the position profit must reach over 10% to count as profit.

Let me show you an example: Using 1000 USDT of principal with 100x leverage to buy one BTC, the position value is 100,000 USDT.
(Fee calculation formula: Position value × Fee rate = Fee)
Pure limit order trading (buying and selling once): 100,000 USDT × 0.02% × 2 = 40 USDT
Pure market order trading (buying and selling once): 100,000 USDT × 0.05% × 2 = 100 USDT

(The above is just an example, do not imitate)

Therefore, a single trade for the user results in a fee between 40 USDT and 100 USDT. The difference between limit and market trading is more than double, hence for users who trade more with market orders, the fees are definitely a significant expense.

At this point, a rebate is required. A rebate is the proportionate return of the actual trading fees incurred by the user. If there are no fees, all goes to the market.

Different invitation codes have different rebate ratios, rebate methods, and rebate times. A 5% difference in rebates can amount to several hundred or even thousands of USDT with large trading volumes.

🔺 Fee rebates are mutually beneficial, but they are not meant to exploit uninformed users. We must strictly crack down on those who deceive others, including harmful KOLs.
#合约养家

It won't be, they say you need to reach a certain trading volume and generate a certain amount of fee rebates to get that percentage. Or they might start by asking you for a screenshot of your trading volume, and then determine the percentage based on that trading volume. 😂😂😂

How many people have been deceived by the commission rebate rate when asking a question?
If you see this, please like and share it, I want to know how many have been scammed.
At the beginning of the 25th year, I was browsing a square and encountered a bunch of people saying they were deceived, but I don't know exactly what happened, so please share your stories. #币安MegadropSOLV

Daoist priest, rebate cannot be generalized, my kind of professional rebate service does not involve user transactions at all. Rebates plus order taking, these are all violations of F and G.

Look at the picture, after completing a trade, all the money earned goes to fees, resulting in a loss.

At this point, a rebate is needed; let's first understand the advantages of a rebate.
1. When you are profitable, the rebate is your extra income.
2. When you close a position and break even, the rebate is your profit (as long as you open and close a position, the fees are a fixed expense).
3. When your position incurs losses or even gets liquidated, a rebate can help you recover and start over.

How to get a rebate?
Fill in the invitation code when registering an account, and you can enjoy it; as long as you want to do it, you can operate it, be proactive, and the rest is all your money.
#合约爆仓

Brothers, is there any rebate going on? This is about saving money; we need a high and stable ratio, everything else is just fluff. Trading is always our own business. If you need me, I can offer a high ratio.
Below are three ways to reduce transaction fees:
1. When users register an account, they can fill in a referral code, which is the rebate referral code used to return part of the transaction fees generated by the user’s trades.
2. Hold platform coin BNB; when the amount of BNB held is sufficient to offset the transaction fee, there will be a 10% discount on contract transaction fees and a 25% discount on spot trading fees.
Especially for some spot trading pairs on Binance, there will be a zero maker fee discount.
3. Upgrade platform VIP level to reduce the transaction fee rate.

These three methods can be used in combination, so do you still think transaction fees are really expensive?
#返佣注册

💰💰Does everyone know what the biggest cost in the trading process is? That's right, it's the transaction fee.
For example, if you open a large position of 1000u with 100x leverage, entering and exiting at market price (limit price 0.2% and market price 0.15%)
Position value = Principal × Leverage
100000 = 1000 × 100
Transaction fee = Position value × Fee rate
100 = 100000 × 0.1%
Each opening and closing transaction incurs a fee of 100U; if we calculate one transaction per day, the monthly fee would be 3000U,
and in a year, it adds up to 36500U.
Of course, the actual situation is definitely not calculated this way; this is just to better understand the importance of transaction fees.
Isn't it quite exaggerated? To be honest, for those of us who trade contracts, we probably open positions frequently every day, so you can calculate how much you’ve spent on transaction fees!!!

Therefore, a good rebate is necessary: on one hand, a favorable ratio to offset some transaction fees; on the other hand, clear data display for verification, so that one can use it with peace of mind. Thirdly, stability and continuous returns.
#币安Alpha公布第9批项目

Is trading fee important?
Very important

First, we need to understand how the exchange's trading fees are calculated.

Position Value × Fee Rate = Trading Fee

Position Value = Opening Capital × Leverage Factor

In normal trading, both buying and selling incur a trading fee, and after repeating this operation a few times, a significant portion of your funds can unknowingly disappear. Many users may feel like they are making money, but they wonder where the money went; it is primarily due to the trading fee expenses.
Thus, there are many ways to offset these fees, and platforms may also provide users with some rewards or activities to reduce their trading fee expenses.
1. Fill in the invitation code when registering; this will yield a commission rebate, calculated based on the user's trading fees, which is also a reward mechanism to encourage users to open positions.
2. Hold BNB; as long as you have enough to pay for trading fees, you can enjoy a 10% discount on the fee rate.
3. Trading VIP level; the higher the level, the lower the fee rate will be.
These can be stacked, thereby significantly reducing the trading fees.

Pitfall Guide - Stay Away from Cryptocurrency Traps (Part 2)

5. Do not blindly follow investment trends and FOMO emotions: FOMO (Fear of Missing Out) is a major trap in the cryptocurrency world. Many investors tend to follow others blindly after seeing them make money, leading to losses. This is especially true for some “air coins” or “bubble coins,” which have unstable values and are prone to crashing.
This is something almost every newcomer will encounter in the future! The method to avoid it is quite simple! Control your positions well! Only trust Bitcoin!

6. Beware of “crypto gurus” and coin recommendation scams: Some individuals or teams claim to be “crypto gurus” or “investment experts,” using their influence on social media to disseminate false information or overly optimistic project recommendations, urging fans to buy a certain cryptocurrency or participate in a specific project. The purpose of these scams is to guide retail investors into the market, allowing them to quickly sell their tokens in a short time, resulting in “cutting leeks.”
This is also something that happens every day in the crypto world, and I hope you have the luck to encounter a true guru!

7. Shady exchanges and wallets: Some unregulated small exchanges or wallets may have security vulnerabilities, making them susceptible to hacking, which can lead to the loss of user assets. Or the exchange might just run away with the funds!

8. Deposit and withdrawal traps: No merchant will proactively contact you privately! Those who message you are looking to take you to small platforms!
I will write this much about cryptocurrency traps for now~ I hope these pitfall avoidance suggestions can help you remain cautious and rational in the cryptocurrency world, stay away from common traps, and achieve stable investments.

Pitfall Guide - Stay Away from Cryptocurrency Traps (Part One)

1. Never trust projects that claim 'guaranteed profits': Many scams attract victims with promises of 'guaranteed profits', claiming that as long as you invest money, you can secure high returns. Such projects usually lack real technical support or sustainable business models and may simply use new investors' funds to pay early investors' returns. The most memorable scam project is the Plus Token platform. It claimed to be a 'cryptocurrency wallet' service and promised high returns, attracting a large number of investors. However, the project merely used investors' funds to pay 'returns' until it collapsed. In 2019, PlusToken was revealed to be a Ponzi scheme, leading to losses amounting to billions of dollars, and many users' investments evaporated as a result.

2. Beware of airdrop and contract scams: Many scammers fake airdrop activities to collect users' private keys or mnemonic phrases. Once participants submit personal information, they risk losing all the assets in their wallets! (This is also one of the main reasons why newcomers are not recommended to use wallets.) Never disclose your wallet's private key or mnemonic phrase to anyone, and choose reputable projects for airdrop activities to avoid participating in contracts or airdrops from unknown sources.

3. Be cautious of 'phishing websites' and phishing links: Phishing attacks lure users into entering their account and password by impersonating the official websites of exchanges or wallets, thus stealing funds. Phishing websites often attract you to click through fake links or messages on social platforms. This is one of the most common scams in the cryptocurrency world! Whether in the crypto space or everyday life, never click on links randomly! Always scrutinize the URL and domain name carefully! Raise your awareness against fraud!

4. Avoid the temptation of 'high leverage' trading: While high leverage trading can allow you to earn greater profits, it also means greater risk. Many platforms attract users to invest with high leverage, and even minor price fluctuations can lead to liquidation.

Why are the contract transaction fees in the cryptocurrency space so high? And how can one save money?

There are many exchanges in the cryptocurrency space, but the calculation method for transaction fees is the same; there is a universal formula:
The formula for calculating fees: Fee = Position Value × Fee Rate

This leads to understanding why fees are high and how to save money:
1. Position Value
The position value far exceeds the principal, which means high leverage is used. For example, if you only have 100 USDT and open 100x leverage. After a complete trade, the fee expenditure ranges from 4 USDT to 10 USDT. A fee of 4% to 10% of the principal, who wouldn’t find that expensive?

2. Limit Order vs Market Order Fee Rate
Those who pay attention will notice that the fee I calculated in the first point is 4 USDT to 10 USDT, which is because I calculated based on the ordinary user limit order fee rate of 0.02% and the market order fee rate of 0.15%. It is clear that the fee expenditure for limit orders is much lower than that for market orders.
So the second point is to use limit orders more in trading.

The remaining ways to save money depend on the policies of the exchange, but all exchanges have a common mechanism.

3. Exchange Rebate Mechanism (which is both a way to save money and earn extra)
Rebates are an encouragement mechanism for new users by the platform, providing a certain percentage of fee refunds for users who place trades.

The rebate percentages vary across different exchanges; smaller exchanges tend to use high rebates to attract users. However, sometimes choosing an exchange cannot be based solely on fees and rebates; it must also consider factors such as fee rates and platform depth. Because sometimes the losses from fees can be much lower compared to other trading losses, it’s normal to face a total loss after a single wave.

How can one obtain rebates?
Users can enjoy rebates by filling in an invitation code when registering their account. It can be operated by users who want to do it, without delaying usage.
Note: Different invitation codes have different rebate percentages, methods, and times, so please choose carefully. #手续费返佣

In contract trading, it's not just about considering profit and loss, but also about breaking down the expenditure and income parts.
Generally, for a standard contract trade, one must consider the opening price, take profit and stop loss prices, etc. The most important thing is to know where the expenditure part of a trade lies.

After opening a position, the user's trading expenditure consists of fees and funding costs.
Many new players ask me why a position that clearly should break even still results in a loss after closing; in fact, this loss comes from your fees, which you didn't account for when closing the position.

So how can we reduce this fee erosion?

The first method: When at break-even loss, set the position a bit higher.
The second method: Open the fee reduction (commonly known as rebate) privilege, which is only available to KOLs who cooperate deeply with Binance. Don't randomly seek out unfamiliar people to open this.

If you want to find out how much fee you've been charged, you can open the Binance APP -- Funds -- Contracts -- Today's Profit and Loss -- Funding Costs and Trading Fees to check your fees for the past year.

Sometimes there are also funding costs, which are a concern for users who hold contract positions for a long time. The calculation of funding costs is based on the real-time funding fee of the currency, with calculation times generally at 0:00 - 8:00 - 16:00.

The calculation of funding costs is similar to that of trading fees, both using position value × funding rate (fee rate) = funding cost (fee)

Users should find ways to reduce these extra expenditures in the future; on one hand, it can help earn more money, and on the other hand, it deepens the trading model, making it easier to earn big in the future.
#手续费 $BTC

There are generally three ways to reduce the handling fee for contract trading.
The first one is to fill in the invitation code when registering to enjoy the rebate, which is the biggest part of saving the handling fee. It is returned according to a certain proportion based on the actual handling fee.
The second one is to use BNB to deduct the handling fee. Only U-based contracts can enjoy this, not currency-based contracts.
The third one is to upgrade your VIP level and reduce the handling fee rate.
The three methods can be used in combination. However, the rebate is returned in proportion to the actual handling fee generated by the user, so you need to pay attention.
Secondly, for those traders who like pure market trading, the market handling fee rate is 50,000
The handling fee accounts for a large proportion. Try to change your trading habits and use limit trading more often. The handling fee rate is 20,000.
For rebates, users need to consider several aspects to make a choice. The first is the rebate ratio, the rebate method, and the rebate time. These three aspects involve funding issues and must be paid attention to.
Secondly, whether the rebate is transparent, whether it can be checked and verified, and whether the rebate data can be viewed in detail.
Finally, it is a personal judgment whether your superior will continue to give you a stable rebate.
#手续费返佣

In 2000, Nokia dominated the world - 7 mobile phones were sold per second, accounting for 70% of the market share.

But ten years later, it completely collapsed.

Why did the former king of mobile phones decline so quickly - is there still a chance for it to be saved?

Similarly, Bitcoin has gone from having no value at the beginning to being worth $100,000 now.
We don't know what it will become in the future, but we can firmly believe in it now.
$BTC