What are Binance trading fees? How are they calculated? What is a rebate?
As a global leading cryptocurrency trading platform, Binance's trading fee system is a key consideration for traders. Fees directly impact your trading costs.
- Spot trading: The standard fee is 0.1% of the trading amount. If you buy a certain cryptocurrency for $10,000, you will pay a fee of $10.
- Contract trading: Divided into Maker and Taker fees, typically Maker fees are lower than Taker fees; for example, the Maker fee may be 0.02% while the Taker fee may be 0.04%.
- Pay with BNB: If you choose to pay trading fees with Binance's native token BNB, you can enjoy a discount of 25% to 50% on fees, significantly reducing your trading costs.
- VIP levels: Based on your trading volume and BNB holdings, Binance offers a VIP level system; the higher the VIP level, the greater the fee discount, and there may even be exemptions from certain trading fees.
# What is a rebate?
A rebate is an incentive mechanism provided by trading platforms to encourage users to trade more by returning a portion of trading fees.
The following are the specific details of Binance's rebate:
- Invitation rebate: Binance's referral program allows users to invite new users to register and trade through a unique referral link. Whenever a referred user trades, the referrer can receive a portion of their trading fees as a rebate. The rebate rate is typically around 20%.
- Rebate calculation: Suppose you conduct a $10,000 trade with a fee of $10 (standard spot trading). If the rebate rate is 20%, you will receive a $2 rebate.
- Form of rebate: Rebates are usually paid directly to your Binance account in the form of BNB or USDT, reducing your own trading costs.
By understanding Binance's trading fee structure, especially the rebate mechanism, you can effectively lower your trading costs while increasing additional income through the referral program. Whether you are a short-term trader or a long-term investor, making good use of these mechanisms will make your investment strategy more cost-effective.
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