How expensive are transaction fees in the crypto world? Do you know? Effective ways to reduce fees

Limit Order (Limit Price), Market Order (Market Price) fee rate 0.1%

Fee = Trading Volume × Fee Rate

For a spot trade of 10000, the fee will be 10

However, there are cashback and promotional discounts

Contract Fees

Contracts are leveraged based on spot trading

One-sided fee rate for limit orders 0.02%, market orders 0.05%

Many people are misled by the fee rates

Actual contract fees are higher

For example

100 principal with 100x leverage and market price opening and closing

Fee = Position Value × Fee Rate

Position Value = Opening Principal × Leverage Multiple

10000 × 0.05% = 5

This is just the opening fee; when including the closing fee, the same fee applies

The total fee accounts for 10% of the principal

In comparison, contract fees are much higher than spot fees!

Due to various reasons, many people do not benefit from fee reductions, and some are even unaware that fee reductions exist.

If you trade frequently or feel that the fees are high, you must pay attention to vv fee reductions; saving a little is still saving.

If you still don't understand how to reduce fees, follow vv for the highest fee reductions online

#我的COS交易 ETH BTC