Cryptocurrency Savings Secrets! How to Use Rebate Accounts?
In the cryptocurrency world, everyone has some level of investment, but did you know? In fact, everyone can use some small tricks to reduce their expenses and increase their earnings. Today, I'll talk about this topic, especially about how to save money through rebate accounts.
What is a Rebate Account? 🤔
In simple terms, a rebate account is where a portion of the fees incurred during your trading process can be returned to your account. Doesn’t that sound tempting? However, this is not a new concept; many trading platforms have this feature.
Why Open a Rebate Account? 💰
First of all, transaction fees in the cryptocurrency world are actually quite high. For example, if you have 2000 units of oil, open a 20x leverage, buy 20 units of oil, and then sell 20 units of oil, that's 40 units of oil in one day. If you do this kind of transaction three times a day, the fees would be 120 units of oil. Over a year, this number would become 43,800 units of oil. Sounds a bit scary, right?
How to Save Money Through a Rebate Account? 💡
Now, if you have a principal of 2000 units of oil and open leverage of 40x, 50x, 60x, or even 100x, the fees would double, potentially reaching 87,600 units of oil over a year. At this point, if you have a rebate account, it would be completely different.
Assuming your rebate account returns you 20 units of oil, as long as you maintain your principal without loss, the fees can be returned as 8,760 units of oil. If you earn 2,000 units of oil in a day, adding the returned 8,760 units of oil, you could earn 10,760 units of oil in one day. Even if you accidentally face a liquidation, the returned fees would still provide you with some principal.
Summary 📝
Therefore, if you are involved in cryptocurrency, be sure to remember to open a rebate account. Whatever you can get back is free money, so why not? Of course, this is just my personal opinion and does not constitute any investment advice. Everyone should operate based on their actual situation, as investment carries risks and one must be cautious when entering the market.
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