What is a commission rebate? Is it necessary to open one?

Many traders know that transaction fees in the cryptocurrency space are an extremely high expense. For example, Binance's fee rates are 0.05 for makers and 0.02 for takers. If you open a position of 1000 USDT with 100x leverage, then your total position is 100,000 USDT. If you are using two taker orders (most positions are opened with taker orders), then your transaction fee for this order would be 100,000 × 0.1 = 100 USDT. This means that for every order you place, one-tenth of your margin has already been taken by Binance. If you place several orders in a day, the fees can quickly add up, leaving many newcomers unsure of how they are losing money. Simply put, a commission rebate is a way to get a portion of the fees you've already paid returned to you. For example, if you spent 500 dollars on fees today and you haven't opened a rebate, then the exchange keeps all of it. However, if you have opened a rebate, you could get back over 200 dollars. Other than that, there is no difference; it's like getting free USDT after activation.

If you are an existing verified user, it might be a bit more complicated, but you can contact me on my profile, and I can guide you through it in about ten minutes. I strongly recommend that everyone has a rebate account; the savings are your own capital, and over time, the reduced fees can amount to quite a bit. Whether you are adding to your position or holding, sometimes just a little extra margin can make a significant difference.