TRADING FEE REBATING VOUCHER:
- Binance gives you a discount or refund of the fees you paid for buy and sell cryptocurrencies.
- Example: If you get a $100 voucher, and BNB costs $600, Binance turns that voucher into 0.1667($100) BNB. This 0.1667 BNB then covers your trading fees.
TOKEN VOUCHER:
- A Token Voucher on Binance is a way for the platform to distribute cryptocurrency rewards to its users following their participation or the completion of certain actions, and it requires an action on your part to be converted into real funds in your account.
COMPARSION AND CONTRAST BETWEEN TRADING FEE VOUCHER AND TOKEN VOUCHER:
Trading Fee Voucher:
- Reduce or eliminate trading fees
- Typically a percentage or amount of trading fees
- Applied to trading fees incurred on designated products (e.g., Spot, Futures)
- May have limited validity and may not cover all trading fees
- A voucher that provides a 50% rebate on futures trading fees
Token Voucher:
- Grant free tokens
- A specific quantity of a particular token
- Redeemed for free tokens to your Spot Wallet
- No restrictions on using, transferring, or withdrawing the tokens
- A voucher that gives you 100 $BNB tokens
CONCLUSION:
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