Many traders know that transaction fees in the cryptocurrency space are an incredibly high expense. Taking Binance as an example:
If your principal is 1000 US dollars and you open a position with 10 times leverage, then your total position will be 10,000 US dollars.
Transaction fees are charged in two parts (once for opening a position and once for closing it), each time 10000×0.0005=5 US dollars. The transaction fee for one order is 10 US dollars. If you engage in short-term trading with at least 5-10 orders a day, then the transaction fees will amount to 50-100 US dollars daily. If you break even after 10 days of trading, the transaction fees alone will already result in a significant loss!
So many newcomers don't even know how they are losing money.
So what is commission return?
In simple terms, it means returning a portion of the fees that have already been deducted back to you.
The principle is that the exchange needs promotion, and it shares the transaction fees with promoters. The official term is called Binance Captain, who then returns the share from Binance back to the clients.
For example, A registered through B (the captain)'s invitation code, and this week A spent 1000 US dollars on transaction fees. Binance will return a portion to B (the captain), who will then give you a portion, allowing you to save on some fees while the captain earns a commission. This is the whole process of commission return, which benefits all three parties. Other than saving on fees, there is no difference.
The above is what I return to clients every week. I send it back to your trading account at a fixed time each week.
The last question, how to open a commission return?
To activate a commission return account, you need to fill in the invitation code during registration. Existing users can also enjoy this benefit. For example, A Peng's invitation code is: B8899.
It is highly recommended that everyone has a commission return account; the savings are all your own capital, and over time, the fees saved are definitely not a small amount. Whether it's increasing positions or holding orders, sometimes a little extra margin can lead to completely different outcomes.
Statement: This article aims to promote basic knowledge of blockchain and convey the latest information in the cryptocurrency industry. It does not exist and does not constitute any investment advice or implication! We emphasize that the information we provide is for reference and educational purposes only and does not constitute any form of investment advice. Entering the market involves risks, and investment should be done cautiously.
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