In the cryptocurrency space, transaction fees are unavoidable. How can we save on fees?

1. Use BNB to pay fees

Binance allows users to pay contract trading fees with BNB (Binance Coin) and enjoy a 25% discount.

How to set up: In the Binance app or website, go to [Personal Center] - [Contracts] - [Preferences], and enable the 'Use BNB to pay fees' option.

2. Increase VIP level

The higher the VIP level on Binance, the lower the contract trading fees. VIP levels are determined by the user's trading volume or holdings (such as BNB holdings) over the past 30 days.

How to check VIP level: Go to Binance, click [Personal Center] - [VIP Level], to see the current level and fee rate.

How to upgrade: By increasing trading volume or holding more BNB, you can elevate your VIP level.

3. Use Maker orders

Binance's contract trading fees are divided into Maker (limit orders) and Taker (market orders):

Maker orders: Provide liquidity, with lower fees.

Taker orders: Consume liquidity, with higher fees.

Strategy: Try to use Maker orders to enjoy lower fees.

4. Participate in Binance activities

Binance often launches activities for fee discounts or cashback on contract trading, such as exclusive offers for new users, trading competitions, etc.

How to participate: Follow [Activity Center] and participate in relevant activities in a timely manner.

5. Reduce trading frequency

Frequent trading increases fee costs. Optimizing trading strategies and reducing unnecessary opening and closing operations can effectively lower fees.

6. Use rebate services (this is additional income based on trading fees)

Binance's rebate program allows you to register through my referral link and establish a rebate relationship with me. In the future, a certain percentage of your trading fees will be credited to my account, and I can return it to you. By registering through my link, you can enjoy an 80% fee rebate, 35% for spot trading, and 25% for contracts. The contract shown in the image shows 40% only for the first month. The platform will give new registered users an additional 10% reward. After the second month, it will revert to 30%. The automatic rebate to your account is 20% for spot trading and 10% for contracts. The remaining portion will be settled once a week. Any portion exceeding the contract ratio shown in the image is considered a scam and can be verified with official customer service #合约 #BTC