Rebate! Rebate! While making money, don't forget to save costs! Some people entering the crypto space, especially newcomers, tend to ignore transaction fees in the beginning, but you may not have calculated carefully. When a contract magnifies your principal several times to hundreds of times, your transaction fees also multiply several times to hundreds of times. For example, if you use 1000U and open a position at 50 times leverage, it’s equivalent to opening a position of 50000U. Binance's fees are roughly average at 0.04%, which means you need approximately 20U to open a position and about 20U to close it. Opening and closing a position results in a total transaction fee of 40U, and this is a fixed expense for opening a position. If someone frequently opens positions in short-term trading, say 5 trades a day, the transaction fees would be 200U, which is 20% of your 1000U margin. What about over a month? It would have long exceeded the principal, right? Some users even often open 100 times contracts, which would double the transaction fees.
I've seen many people end up with transaction fees exceeding their principal several times over a few months. If you have a rebate, a portion of these fees will be returned to you, so you won't lose everything. However, if you don’t have a rebate, these fees are just lost entirely, and over time, they could surpass your principal by several times.
So, before conducting any transactions, make sure to enable the rebate. Trading without a rebate is really a significant loss. I've prepared a red envelope for everyone; just reply with 'transaction fee' to claim it. #加密市场回调 #btc #ETH #bnb #solana $BTC
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