When many people mention the term 'rebate', they often associate it with scams, like 100 returns 120, 200 returns 260, etc. Such cases are fraudulent!
Here, let's clarify what trading fee rebates in the cryptocurrency world are.
Trading Fee Rebate: Refers to the refund of transaction fees incurred during trading.
First of all, the cryptocurrency world is a realm for trading Bitcoin and other digital currencies, where transactions incur fees. Depending on different exchange platforms and trading models, the fee rates may vary. You can refer to the current exchange's fee standards for specifics.
Taking Binance, a leading platform, as an example, here are Binance's fee rates:
The spot trading single-side fee rate is 0.1%, and the transaction fee for one trade is 0.2%.
The contract trading single-side fee rate is 0.02% for limit orders and 0.05% for market orders, with the transaction fee for one trade ranging from 0.04% to 0.1%.
All of the above are single-side fee rates; both buying and selling incur the same fee rate, so the actual trading fee standard is doubled.
Spot Trading: Xiao Yu bought 10,000 USDT worth of a cryptocurrency, requiring 10 USDT in fees for buying, and the same 10 USDT in fees when selling, totaling a fee expenditure of 20 USDT.
(Leverage trading falls under the category of spot trading, with the fee rate calculated at 0.1% for spot trading.)
Contract Trading: Xiao Yu takes out 1,000 USDT as principal, using 10x leverage, bringing the position value to 10,000 USDT, with opening fees between 2-5 USDT and closing fees also between 2-5 USDT, totaling a fee expenditure of 4-10 USDT.
The trading fee rebate means being able to refund a portion of the 20 USDT fees incurred from spot trading and the 4-10 USDT fees from contract trading.
How to participate in cryptocurrency trading fee rebates?
Simply fill in the corresponding invitation code when registering to enjoy trading fee rebates.
Before filling it out, be sure to understand the rebate ratio, rebate time, and rebate cycle clearly.
Feixiang Trading has been professionally providing rebates in the cryptocurrency world for five years, dedicated to serving every customer well and striving to reduce user trading fees.
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