1. First, understand what trading fees are?
Trading fees refer to the costs charged by the exchange during the cryptocurrency trading process. Generally, there are two types of trading fees: maker (limit order) fees and taker (market order) fees.
Maker fee: Refers to users who create orders and wait for the market to match. Since these orders provide liquidity to the market, their fees are usually lower.
Taker fee: Refers to users who immediately complete transactions by taking existing orders in the market. Since takers use existing liquidity, their fees are usually higher.
The fee structures and charging standards of different exchanges may vary, and some platforms also offer fee discounts based on users' trading volume, held tokens, and other factors. Therefore, understanding the fee rules of different platforms is crucial when choosing an exchange, as it can save you a significant amount in trading fees.
2. Calculation of trading fees
For new users, it is important not only to understand the exchange's fee rules but also to be able to perform a rough calculation. Note that this is only for calculating fees generated from contract trading types.
Example:
Position quantity × Opening price = Position value, Position value × Fee rate (limit price 0.02%, market price 0.15%) = Fee
48.52 × 152.9425 = 7420.7701, 7420.7701 × 0.02% × 2 = 2.968…U
This is the calculation of fees, understanding the general calculation process is sufficient.
3. Reduce trading fees
1. Activate fee rebate
Users can enter a referral code upon registration to gain the opportunity for fee reduction, which is available to all users.
2. Hold BNB to offset fees, which will give a 10% discount on the fee rate.
3. Upgrading VIP level can also reduce the fee rate.
Note: The three discount methods can be used in combination, but for VIP users, only VIP2 and VIP2 below can enjoy rebate.
