Old leeks in the cryptocurrency circle should all know how scary the handling fees of high-frequency contract transactions are. Newbies in the circle should also understand how much handling fees are generated by cryptocurrency transactions and what the handling fee rebate is. Regardless of the transaction mode, there will be handling fees, both buying and selling.
Different exchanges charge different fees and have different corresponding preferential policies.
Cryptocurrency exchanges are roughly divided into two trading modes: spot (coin-to-coin) trading and contract trading
Spot trading is similar to stocks. You can only buy high and sell high. However, both buying and selling require a handling fee.
Taking Binance as an example, the spot unilateral fee rate is 0.1%
The current price of Bitcoin is 65000u, and a transaction fee of 130u is required for buying and selling
However, Binance has many preferential policies. Holding BNB can deduct 25% of the transaction fee. Some trading pairs do not even require transaction fees, which greatly reduces the user's expenditure. If there is a rebate, part of the transaction fee can be returned.
Take BTC/USDT trading pair as an example
Assuming the current BTC price is $70,000, traders can buy/sell 0.5 BTC with 35,000 USDT
Special note: There is no handling fee for BTC/FDUSD and FDUSD/USDT. Simply put, using FDUSD to buy BTC does not require any expenses.
Perpetual Contract Trading
The perpetual contract trading model has one more buying direction than spot trading. You can not only buy up (long), but also buy down (short), and you can add leverage. However, there is a margin call mechanism, and the risk is relatively much greater. It is not recommended for novices.
It can be seen that the contract fee rate is divided into Maker (order, limit order) and Taker (order, market order)
Different transaction modes have different handling fee rates. The unilateral handling fee rates are 0.02%-0.05% respectively.
Assuming a principal of 1000u and a leverage of 50 times, the position value is 50000u, and the opening and closing of the position together require a handling fee of 20-50u.
This is just the handling fee for one order. If you trade three times a day, that’s 90 times a month. The accumulated handling fee is 1800-4500u.
Many users feel that their trading volume is not large, but trading is a long-term process. The longer the time, the more expenses, so rebates are particularly important.
In addition to the handling fee rebate, Wei'an can also use BNB for deductions. Some trading pairs also have discounts, which can be superimposed on each other. This is much better than other exchanges.
What role does the handling fee rebate play?
The purpose of the fee rebate is to help users save transaction fees. It is a preferential policy that many exchanges have. It can only be filled in when registering an exchange. Some exchanges also have operation methods
To get a commission rebate, you only need to fill in an invitation code when registering.
The rebate ratio corresponding to each invitation code is different
Before filling in the form, be sure to consult clearly about the proportion of the rebate.
