For users who come into contact with contracts, transaction fees are always a significant part of the expenses, and this is not just empty talk.
Taking the simplest example, if you have 1000U and leverage 10 times, the position value is 10000U. According to the regular user transaction fee rate, with limit orders at 0.02% and market orders at 0.15%, the transaction fee for opening and closing a single order ranges from 4U to 10U.
Normal trading doesn't allow for just one or two orders; let's say one order a day, the monthly transaction fee expenditure would be 120U to 300U. This is still based on one order a day; during significant market movements, it’s normal to open several orders in a day, and the transaction fees will only accumulate.
Upon discovering this issue, we need to address the problem of high transaction fees. Below are several methods I have listed.
There are four ways to reduce transaction fees:
1. Register and fill in the KOL invitation code to enjoy a rebate on transaction fees, which is based on the actual transaction fees incurred by the user, with a superior ratio that can save a quarter of the fees. (This can be found in the nickname, where you can learn more about the nature of the rebate.)
2. Hold $BNB and transfer it into the trading account to enjoy a 10% discount on transaction fees.
3. Upgrade your VIP level to enjoy a discount on transaction fees.
4. From the example above, it can be seen that the transaction fees for limit orders are reduced by 60% compared to market orders, so it is advisable to use limit orders more often.
