And how to reduce transaction fee expenditure. Calculation formula: Position Value × Transaction Fee Rate = Transaction Fees. Position Value: Amount of currency held × Opening price = Position Value.
Transaction Fee Rate: For ordinary users, the transaction fee rate is 0.02% for limit orders and 0.05% for market orders.
Through this calculation formula, it is clear that the fees are proportional to your position size and trading method. If one increases, the fees will also rise.
Therefore, to reduce trading fees, you only need to lower one of them. When it comes to position size, this depends on personal capital. Thus, to reduce transaction fee expenditure, you can only focus on the transaction fee rate and the fees themselves. 1. Based on personal trading habits, use limit orders more frequently. This can intuitively reduce part of the fees. (Transaction Fee Rate)
2. Hold BNB, transfer it to the contract account, and enable the BNB deduction option to enjoy a 10% discount on BNB transaction fees. (Transaction Fee Rate)
3. Upgrading your VIP level can also reduce the transaction fee rate. (Transaction Fee Rate) 4. Rebates are based on the actual transaction fees incurred by users, returned at a certain percentage. (Transaction Fee) As shown in the figure, his fees are 36279u, and assuming he has activated rebates, about 12600u can be refunded.
