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In the cryptocurrency world, transaction fees are an unavoidable cost expenditure. If you want to earn more, you must first save money! The following 6 tips can effectively help you save contract transaction fees:
1️⃣ Use BNB to pay transaction fees
Binance supports using BNB to pay contract transaction fees and enjoys a 25% discount.
Setting path: [Personal Center]-[Contract]-[Preferences]-Turn on the "Use BNB to pay transaction fees" option.
2️⃣ Improve VIP level
The higher the VIP level, the lower the transaction fee! It is assessed based on your 30-day trading volume or BNB holdings.
View entrance: [Personal Center]-[VIP Level]
Upgrade suggestions: Increase trading volume or hold more BNB.
3️⃣ Use Maker orders (pending orders)
Contract transaction fees:
Maker (pending orders) have low rates and provide liquidity;
Taker (taking orders) have high rates and consume liquidity.
Suggestion: Don’t take orders if you can place them. Saving a penny is a penny!
4️⃣ Participate in Binance activities
Regularly pay attention to the [Activity Center]. Binance often launches activities such as fee reduction, cashback, new user rewards, trading competitions, etc. Don’t miss out on the benefits!
5️⃣ Reduce trading frequency
Less operations = less money! Avoid frequent opening/closing of positions, optimize trading strategies, and don’t be a "fee contributor".
6️⃣ Use rebate service
This is the "fee recovery" you can get: register for Binance through my registration link, there is an invitation code on your personal homepage, or you can manually enter BN0001 to bind it to me and enjoy the transaction fee rebate:
Spot 35%
Contract 25%
Long-term stable rebate, effective deduction of fees! Don’t waste it in vain
The more you save on fees, the greater the profit margin.
Reasonable use of BNB, order placement strategy, VIP level upgrade, plus activities and rebates, can make you "earn more and lose less than others" in the cryptocurrency circle!
Smart trading starts with careful calculation of handling fees! 牛霸天聊天室 Click on the yellow font to enter, enter the chat room to leave a message, and there will be answers to any questions
