A Must-Read for Newbies in the Crypto World: How to Reduce Transaction Fees Through Rebate Accounts

In the crypto world, everyone should understand the importance of rebate accounts. Especially for beginners, don't overlook this! I personally have rebate accounts at the three major exchanges, and it really is profitable from the moment you open one.

First of all, many people don't know that the biggest expense in the crypto world is actually transaction fees. For example, if you have $2,000 in principal, use 20x leverage, buy $20 worth of coins, and sell $20 worth of coins three times a day, the transaction fees would be $120. Over a year, the transaction fees total $43,800. If you use 40x, 50x, 60x, or even 100x leverage each time, the fees can double, costing you possibly $87,600 in a year.

Therefore, opening a rebate account is very necessary. As long as you preserve your principal without loss, you'll get a portion of the fees returned to you. For instance, if you open a rebate account with a 20% rebate rate, you could save $8,760 over a year. If you earn $2,000 and add the $8,760 returned, your total would be $10,760.

Even if you accidentally get liquidated, the returned fees will still provide you with some principal. So, opening a rebate account is truly beneficial and poses no harm.

The above is just my personal opinion and does not constitute any investment advice. I hope everyone can invest rationally in the crypto world and make cautious decisions #合约爆仓