Everyone in the crypto circle knows that fees have always been a significant expense.
How can I see how much fee I've paid? First, open the Binance funding contract interface, click on today's realized profit and loss, then click on funding fees and check the fees to see how much you've paid to the exchange in fees. How is the fee calculated? Generally, it is position value × fee rate = fee. So what is the position value? It refers to your position, and the fee rate is 0.15% for market orders and 0.12% for limit orders. For example, if you have 1000 USDT with 10x leverage, then your position value is 10000 USDT. The fee is 10000 × 0.0005 = 5 USDT; opening and closing a position is 10 USDT. If you do it three times a day, that's 30 USDT. This is just the fee for one day, and if you trade for 22 days, the monthly expense would be 660 USDT.
Is there anyone who registered without filling in an invitation code? Or do you not know how to check whether you have filled in an invitation code? Below, we will tell you how to check if you have filled in an invitation code or if the invitation code you filled in is invalid. Step 1: Click on the commission rewards Step 2: Select super commission in the upper left corner Step 3: Click on the invited users below, scroll to the bottom; if there is a display of the inviter, it means you have filled in the invitation code. If there is no display, it means you did not fill it in. Note: Each invitation code corresponds to a different ratio, so remember to ask your inviter what their ratio is when filling it in. #Strategy增持比特币 $BTC
Suppose I trade two bitcoins (BTC), what would my transaction fee be? Assuming my principal is 4397 USD and I leverage 50 times, then the value would just happen to be equivalent to two BTC. My position value would be 4397 × 50 = approximately 217635 USD. So how should I calculate my transaction fee? Based on the market price of 0.05%, my transaction fee for this order should be 217635 × 0.0005 = around 108 USD. This is just the opening fee; closing it would incur another fee. So my total transaction fees for opening and closing would be around 216 USD. Isn't that too high? My principal is only 4397 USD, and 20 times would exceed my principal. After researching various ways to save on transaction fees, first: when registering an account, fill in an invitation code to enjoy a fee rebate service, which is based on the actual fees incurred, and returned at a certain rate. For example, for this order's fee of 216 USD, I could get back around 75 USD, so it's quite worthwhile. Second, upgrade to VIP status to lower the fee rate. Third, pay transaction fees with BNB to enjoy a 10% discount on fees. #BTC $BTC #返佣
An article teaching you the calculation of contract fees, so you clearly understand how every transaction fee is calculated.
And how to reduce transaction fee expenditure. Calculation formula: Position Value × Transaction Fee Rate = Transaction Fees. Position Value: Amount of currency held × Opening price = Position Value. Transaction Fee Rate: For ordinary users, the transaction fee rate is 0.02% for limit orders and 0.05% for market orders. Through this calculation formula, it is clear that the fees are proportional to your position size and trading method. If one increases, the fees will also rise. Therefore, to reduce trading fees, you only need to lower one of them. When it comes to position size, this depends on personal capital. Thus, to reduce transaction fee expenditure, you can only focus on the transaction fee rate and the fees themselves. 1. Based on personal trading habits, use limit orders more frequently. This can intuitively reduce part of the fees. (Transaction Fee Rate)
Is there anyone who hasn't set up the rebate? As shown, his transaction fee is 36279u, so if he sets up the rebate, he can roughly get back around 12600u. Many people are clearly profitable, but in the end, they are still in a loss state, completely losing out on the transaction fees. Setting up the rebate means earning extra income; it's a capital that can help make a comeback after a loss. #币安Alpha上新 $BTC
Many people still don't know how to check their transaction fees Step 1: Click on Assets, Step 2: Click on Contracts, Step 3: Click on Today's Realized Profit and Loss, Step 4: Select U-based, funds costs and trading costs, check the transaction fees, and this is all your transaction fees If you think the fees are too high, you can open a commission for #BTC挑战11万大关 $BTC
Is there anyone still watching this who doesn't know what to do about their high fees? I can help you save on fees, feel free to leave a message, I'm here to answer anytime.
Don't play with contracts yet, let's handle important matters first! Many people who trade contracts overlook a major issue, which is the transaction fee problem. You could say that when you open a position, you have already quietly paid a fee. When your profit is only a few points and you close the position, you quietly pay another fee. You may wonder why, despite having a few points of profit, you still end up losing; this is because you haven't recouped your transaction fees. Assuming you use 100u and leverage 50 times, you are effectively using 5000u to go long or short. The average transaction fee on exchanges is generally around 0.04%. This means that opening an order costs you 2u and closing it costs another 2u. So, without doing anything, you have already spent 4u in fees from your initial 100u capital. If you open 5 orders in a day, that amounts to 20u in fees, and if you go back and forth opening 10 orders in a day, the fees can surprisingly reach 40u on your 100u capital. If you open 20 orders, the fees are basically equal to your capital, and many high-frequency contract traders find their fees exceeding their capital after a month. If you want to check your transaction fees for the past year, you can refer to the information I posted below. If you have a rebate, I can return a portion of the fees to you, so you're not throwing it all away. I estimate that the transaction fees of most people exceed their capital, so now you understand how much you lose without fee rebates, right? #btc
I found that many people do not know how transaction fees are calculated. Next, I will teach you. The transaction fee is related to your position value. The fee equals the position value ✖ fee rate (0.0015 for market orders, 0.0012 for limit orders). So, assuming you have a principal of 100u and open a position with fifty times leverage, your transaction fee will be 100 × 50 = 5000 (position value) × 0.0005 (or 0.0002) = 2.5 (1). This is just the opening fee; closing will incur another fee, so your total transaction fee should be 5u or 2u for a complete trade. Assuming you open 10 trades in a day, your transaction fees will be between 50 and 20 today, which amounts to 350 or 140u in a week. This exceeds your principal. Therefore, it's important to save on transaction fees when you can and spend wisely.
Are you still foolishly engaging in high-frequency short-term trading? It won't be long before your transaction fees exceed your principal. Many of my friends who trade contracts complain to me about the high fees. There are several important points worth discussing here, filled with useful information. First, you need to know that the amount of transaction fees is directly related to the size of your position. It's not just about how much money you invested initially, but rather how much you currently hold. As your position increases, the fees naturally rise as well. Secondly, the difference in fees between market orders and limit orders can be significant. A market order is like directly buying goods from someone else, which costs more, usually around 0.05%. On the other hand, a limit order is like setting up a stall and waiting for someone to buy, which has a much lower fee, only 0.02%. This is why exchanges hope everyone places more limit orders; it benefits everyone. Let's do a calculation: assume you have a principal of 100 USDT and you trade with 50x leverage, then your position value is 5000. Based on market price, the fee for this trade is 5-2 USDT; after twenty trades, the fees will exceed your principal in less than a month. Moreover, the amount of fees also depends on whether you can enjoy rebates from the exchange. Some people manage to spend less because they not only place limit orders but also earn back a portion of the transaction fees from each trade. This way, the costs naturally decrease. So, when trading contracts, pay attention to these details; they can help you save a lot. So how can you check how much you have spent on fees? You can follow the instructions in the image to see how much you have wasted on fees in the past year. You can leave a message in the comments for rebate inquiries. #美国加征关税
Many people do not know whether they have filled in the invitation code. Below, I will teach you how to check if you have filled in the invitation code. Step 1: Open your Binance homepage and click on More. Step 2: Click on Invite Rewards. Step 3: Click on the top left corner to select Super Rebate. Step 4: Click on the invited users below and scroll to the bottom. If you have not filled in the invitation code, you can also rebind the invitation. #CPI数据来袭
Regarding the commission rebate, I see many friends saying that even though they filled in the invitation code themselves, the agreed-upon rate was not honored in the end, leading to distrust in the rebate system. Let's analyze what a rebate is: a rebate is a portion of the fees you pay to the exchange that is returned to you. However, if you didn't use an invitation code, you just paid the exchange without any return. Finding a reliable KOL for rebates is crucial for long-term stability. If you want to discuss, feel free to message me. I have been in the rebate business for six years, relying on stability and transparency. #BTC重返10万