When trading contracts on Binance, transaction fees are an unavoidable cost, but they can be effectively reduced through the following methods:
1. Use BNB to pay transaction fees
Binance allows users to pay contract trading fees with BNB (Binance Coin) and enjoy a 25% discount.
How to set up: In the Binance App or on the website, go to [Personal Center] - [Contracts] - [Preferences], and enable the 'Use BNB to pay transaction fees' option.
2. Increase VIP level
The higher the VIP level on Binance, the lower the contract trading fees. VIP levels are determined based on the user's trading volume or holdings (such as BNB holdings) over the past 30 days.
How to check VIP level: Go to Binance, click [Personal Center] - [VIP Level], and view your current level and fee rate.
How to upgrade: By increasing trading volume or holding more BNB, you can elevate your VIP level.
3. Use Maker orders
Binance's contract trading fees are divided into Maker (limit orders) and Taker (market orders):
Maker orders: Provide liquidity, lower fees.
Taker orders: Consume liquidity, higher fees.
Strategy: Try to use Maker orders to enjoy lower fees.
4. Participate in Binance activities
Binance frequently launches activities that reduce or rebate contract trading fees, such as exclusive offers for new users, trading competitions, etc.
How to participate: Follow [Activity Center] and participate in relevant activities in a timely manner.
5. Reduce trading frequency
Frequent trading increases transaction fee costs. Optimizing trading strategies and reducing unnecessary opening and closing operations can effectively lower fees.
6. Use rebate services (this is additional income, but it is calculated based on transaction fees)
Through Binance's rebate program, you can receive a portion of the fees back.
How to operate: Register using the KOL invitation code, or register an account through a dedicated rebate link to enjoy rebates. (As long as needed, it can be operated, in the public agent)
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