Let’s talk about a calculation you might not have considered carefully, but it’s absolutely real:
Assuming you engage in contract trading with 100x leverage:
For each opening and closing of a position, the fee is 0.1% (0.001). Don't underestimate this 0.1%.
If your principal (margin) is $1,000, 100x leverage means you control a position of $100,000. For each buy and sell, the fee is $100,000 * 0.001 = $100!
Even if you only make 3 trades a day, the fee amounts to $300.
What about in a month? $300 * 30 days = $9,000!
After a year? $9,000 * 12 = $108,000! If your principal is $1,000, you could spend over $100,000 just on transaction fees in a year! Enough to buy a nice car, right?
The same goes for spot trading, with a principal of $100,000:
Currently, the platform's fee rate is generally between 0.1% to 0.2%, and assuming it’s 0.2% (which is already low).
For one buy and one sell, completing a trade incurs a fee of 0.4%.
$100,000 principal, the fee for one buy and sell is $400.
If you're an active trader and trade 3 times a day, that's $1,200 a day.
After 30 days in a month: $36,000!
What about in a year? $432,000! Over $400,000 gone! What can't you do with that money?
This is why many brothers work hard on trading, watching their account balances fluctuate, only to find they aren’t making money or even losing money! Because if you trade back and forth at the same price (buy low, sell high, but the price doesn't change), in a year, just the fees could eat away several times or even dozens of times your principal! Think about how scary that is if the market fluctuates and you lose a bit more?
So what to do? The core idea is: increase income and reduce expenses.
Cost-saving: Fee discounts
Using BNB to offset fees (official Binance feature) can save you some money, and you can operate this step yourself.
Income generation: Commission sharing
This is the key point I advise you to seriously consider. Binance has an official commission rebate program.
Simply put: If you register, open an account, and trade using my exclusive link, Binance will return a portion of the fees you pay to me (which acts as a reward for referring you).
What I'm doing now is simple: I take most of the commissions I receive from Binance and directly share it with you! Essentially, turning the fees you pay into a return back into your own pocket!
This money is not an extra payment to me; it’s the commission given to me by Binance, and I’m sharing it with you! It's the refund for the fees you paid!
This is not some vague concept; it's real money that can actually hit your account every month or on a regular basis.
For example, in the contract scenario mentioned earlier, if a month actually generates several thousand or even tens of thousands in fees.
I will share the commission I receive with you proportionally; you might be able to get back a few hundred to a few thousand dollars in a month.
This money can be used to improve your life, supplement household expenses, or serve as bullets for your next trade, giving you both offensive and defensive capabilities.
If you profit: the commission sharing is pure profit. If you incur losses: the commission sharing can effectively offset your account's loss rate, which improves your survival capability and allows you to remain in the game.