🔥 The transaction fee is an “invisible cost” that anyone trading on the exchange has to bear. It’s like a road tax: every time you drive, whether a little or a lot, there’s still a small fee quietly eating into your profits. For traders who execute many orders, this amount accumulates to a significant figure. Therefore, any mechanism that helps reduce fees deserves attention. Binance — the largest exchange in the world — has a mechanism called rebate. But the rebate is not magic, nor is it a promise of “100% lifetime fee refund” as advertised by many places. This article will analyze in-depth the mechanism, limits, and actual value of the rebate so you can understand it clearly before applying.