Binance Trading Fees and Rebates#BinanceFees and Rebates

As the world's leading cryptocurrency trading platform, Binance's trading fee system is a key consideration for traders. Fees directly affect your trading costs.

- Spot trading: The standard fee is 0.1% of the transaction amount. If you buy a cryptocurrency for $10,000, you will pay a fee of $10.

- Contract trading: It is divided into maker orders and taker orders. The maker order is 10,000/2, and the taker order is 10,000/5. For example, for $1,000, open a 10x leverage, the fee = 1000×10×0.0005=5, round trip = 10

- Pay with BNB: If you choose to pay the fee with Binance's native token BNB, you can enjoy a fee discount of 25% to 50%, which greatly reduces the cost of trading.

- VIP level: Based on your trading volume and BNB holdings, Binance provides a VIP level system. The higher the VIP level, the greater the fee discount, and it is even possible to waive some trading fees.#Whatis rebate?

Rebates are an incentive mechanism provided by the exchange platform to encourage users to trade more by returning a portion of the transaction fee.

Here are the specific contents of Binance rebates:

- Invitation rebates: Binance's referral program allows users to invite new users to register and trade through a unique referral link. Every time the referred user trades, the referrer can get a portion of his or her transaction fee as a rebate. The rebate ratio is usually 20%.

- Rebate calculation: Suppose you traded $10,000 with a fee of $10 (standard spot trading). If the rebate ratio is 20%, you will receive a rebate of $2.

- Form of rebate: Rebates are usually paid directly to your Binance account in the form of BNB or USDT to reduce your own trading costs.

By understanding Binance's trading fee structure, especially the rebate mechanism, you can effectively reduce your trading costs while increasing additional income through the referral program. Whether you are a short-term trader or a long-term investor, making good use of these mechanisms will make your investment strategy more cost-effective.

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