I see that many people still don't know what transaction fee rebates are, so today I will explain it.
What is a transaction fee rebate? Every time a trade is made on the exchange, a transaction fee is charged.
So how is the transaction fee calculated? As shown in the figure, the transaction fee equals position value × fee rate.
As shown in the figure, let's calculate what his transaction fee is.
The value of his position is displayed directly above, so there is no need to calculate the position value. Generally, if the position quantity is not in U, it still needs to be converted.
His position value is 24487.3424 U. Based on a transaction fee rate of 0.0005, the opening fee is 24489.3424 × 0.0005 = approximately 12.24 U, and 12.24 × 2 = 24.48 U. This is the complete transaction fee.
It seems small, but in reality, it is just the transaction fee for one trade. Assuming you open 3 trades a day for 20 days in a month, then your monthly fee is 24.48 × 3 × 20 = 1468.8 U. Just one month's transaction fee exceeds your principal.
So how can it be reduced?
1. Upgrade your VIP level to lower your transaction fees.
2. Holding BNB can enjoy a 10% discount on transaction fees.
3. Entering the invitation code can enjoy transaction fee rebate benefits.
These three methods can be enjoyed simultaneously.
This greatly reduces your transaction fee expenses, whether for withdrawals or as a new investment, both are good choices.
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