A few days ago, a friend suddenly contacted me, sounding somewhat dejected: "Bro, I used your invitation code to open an account, and now I just remembered to look for you..."

After listening to his experience, I felt a mix of emotions. This friend is a typical high-leverage enthusiast, losing all of his $10,000 in just 5 months. What’s even more heartbreaking is that the fees alone amounted to over $8,000!

Let’s calculate the story behind this number:

Assuming a principal of $1,000, opening a 50x leverage, trading 30 times:

Each trade nominal value: $1,000 × 50x = $50,000

Total nominal value of 30 trades: $50,000 × 30 = $1,500,000

At a fee rate of 0.0005: $1,500,000 × 0.0005 = $750

However, my friend's actual situation is even more exaggerated; over $8,000 in fees indicates that his trading frequency and leverage exceeded what most could imagine.

Seeing his plight, I immediately returned all the commission I could to him. Although it can't fully compensate for his losses, I hope it can help him get back on his feet.

This incident made me deeply realize: rebates are not just about saving money; they are also part of risk management.

If you are also trading on Binance, I strongly recommend opening a rebate account:

Invitation code: S6YJOX5C

Each trade can save a portion of the cost, accumulating over time, which adds up to a significant amount in the long run.

If you want to understand more about the rebate policy and risk management experience, feel free to join our discussion group: 币安王牌kol专属群(爆仓战神). In the group, we not only share rebate information but more importantly, exchange insights on risk control. After all, preserving capital is more important than making quick money.

I hope my friend can make a comeback soon, and I also hope more friends can learn from his experience.

Investment carries risks; proceed with caution. Reasonably control your positions and approach leverage rationally.