币圈常威

The Big Reveal on Cryptocurrency Trading Fees!
Hello everyone, today we are going to talk about the issue of trading fees in the cryptocurrency world. As someone who has been in the cryptocurrency space for many years, I can tell you that trading fees can be quite a headache.
Spot Trading Fees 📊

First, let's take a look at the trading fees for spot trading. The fee rate for market orders is 0.1%, which is one thousandth. It's simple to calculate: just multiply the trading amount by the fee rate.

You might think this fee rate is reasonable, especially compared to the stock market, where the fee rates for A-shares are generally around 0.02%, and some can even go as low as 0.01%. This means that cryptocurrency trading fees are suddenly ten times more expensive! Adding in the exchange rate differences, the absolute price can be seven times higher!

Contract Trading Fees 📉

If you think the spot trading fees are already high, then the fees for contract trading are simply despairing! On top of the spot fees, you also have to multiply by the leverage factor! The calculation for unilateral fees is: market order 0.05%, limit order 0.02%. For example, if you use 100 as your principal with 100x leverage to open a position, the fee will be 100×100×0.05%=5 yuan, which is 5% of your principal. This is just the opening fee; if you add the closing fee, the total fees can account for as much as 10% of your principal! Now you know why some people say that contract trading fees are ridiculously high?
Summary 📝

In summary, the trading fees in the cryptocurrency space are indeed not low, especially compared to the stock market. I hope this article can help everyone, and I wish you all smooth trading in the cryptocurrency world!
#手续费

It's a technical adjustment, don't panic, brothers

Earn 66U, deducted 100U in fees, what to do?

Everyone is dead, only I am alive

一点都不养眼，还是绿色的好看

Let's conduct an experiment. You can use two accounts, 1 and 2, both starting with the same initial capital. Account 1 has a rebate while Account 2 does not. Assume that both can carry out the same trades simultaneously. The final result will be: if Account 2 profits, Account 1 with the rebate will definitely profit even more; if Account 2 breaks even, then Account 1 will definitely be net profitable; if Account 2 incurs a loss, then Account 1 may still be net profitable or break even.

How are the fees calculated?

For example, if you open a position using 100 capital with 100 times leverage, the fee is 100×100×0.05%=5 yuan, which accounts for 5% of the capital. This is just the cost of opening the position. If you add the cost of closing the position, the fee can reach up to 10% of the capital! Now you see why some people say that the fees for contract trading are ridiculously high, right?

If you open 20 positions, the fees can be roughly equal to the capital. Many high-frequency contract traders end up accumulating fees that exceed their capital in just one month.

So you definitely need to have a rebate. Never underestimate the fees; the contract fees are much higher than you think. Each transaction quickly surpasses the capital. I have listed the steps to check the fees below, and you can look it up yourself.

#合约爆仓

Explanation of Contract Transaction Fees in the Cryptocurrency Market

Many people are not clear about how transaction fees work; today, I will explain it in detail.

Transaction fees are often the most overlooked cost in the trading process. Taking the trading fees of Binance as an example, we can calculate it as follows:
Assuming your principal is $1000:
1⃣️ Using 10x leverage, your trading amount will increase to $10,000. If calculated at a rate of 0.05%, the transaction fee for each trade is $5.
Completing one contract trade, including opening and closing positions, the total fee is $10.
Summary: If using 10x leverage and conducting 5 contract trades a day,
The daily fee is: 5 trades * $10 = $50;
The monthly fee is: $50 * 30 days = $1500;
The annual fee is: $1500 * 12 months = $18000.

2⃣️ If using 20x leverage, the trading amount will increase to $20,000, and the transaction fee for each trade is $10.
Completing one contract trade, the total fee is $20.
Summary: If using 20x leverage and conducting 5 contract trades a day,
The daily fee is: 5 trades * $20 = $100;
The monthly fee is: $100 * 30 days = $3000;
The annual fee is: $3000 * 12 months = $36000.

This is just based on calculations using 10x and 20x leverage. If using higher leverage, such as 100x, the fees will be even more astonishing.
Through these calculations, it can be seen that over a year, fees can add up to tens of thousands of dollars.

Therefore, the fees saved are profits earned. Even in cases where improper operations lead to liquidation, the returned fees can provide you with the capital to start over. Thus, properly planning and managing trading costs is crucial for long-term profitability.

#合约爆仓

Now Binance can view the invitation code bound to their account and the commission of the bound invitation code. Does everyone know if they have a commission?

What does everyone think the YU7 will be priced at?

What is the use of rebates?

A must-read for cryptocurrency traders! The secrets of commission rebates unveiled!

When trading cryptocurrencies, the most painful thing is the fees. Unknowingly, profits are “eaten” away by them. Today, I'm here to share the ultimate guide to getting fee rebates on the BN platform, helping you drastically reduce trading costs!

Preparation before registration
Before registering for a Binance account, you must first find a reliable rebate channel. You can reach out to me; I genuinely hope that people in the crypto community can earn more profits. After all, having experienced being liquidated while trading contracts, I truly don’t want your fees to be completely absorbed by the platform.

How to get rebates

Fill in the referrer ID on the official registration page, or register directly through the rebate link. After successful registration, the trading fees will be refunded to your account at a certain percentage, usually 20% or more. The more frequently you trade, the more rebates you earn.

Rebates are great, but you shouldn't just focus on them. The security of the platform, trading depth, and user experience are equally important. Additionally, cryptocurrency trading is highly risky; rebates only help reduce costs. For those trading high-frequency contracts, not having rebates can lead to significant losses. I also want to remind everyone that when trading contracts, it’s advisable to set up take-profit and stop-loss orders to avoid going all in!

Alright, that’s all for today’s fee rebate guide. If you have any questions, or if you have successfully received your rebates, feel free to leave a comment to share your experience.

Today let's talk about the transaction fees of Binance exchange and the rebates.

First, taking contract trading as an example. Suppose we opened a 1000 USDT ETH five-fold contract and then closed it at the original price, without considering the transaction fees, we should break even.

However, according to the base transaction fees of OKEx/Binance exchange, the maker fee is 0.02%, while the taker fee is 0.05%. So we can calculate: Maker fee = Contract value * Fee rate = 1000 USDT * 5 * 0.02% = 1 USDT

Taker fee = Contract value * Fee rate = 1000 USDT * 5 * 0.05% = 2.5 USDT
Since we performed two operations (opening and closing), we need to multiply the above fees by 2. Not accounting for the 10% fee reduction using BNB on Binance.

Thus, the total fees are:
If choosing a maker order, the fee is: 1 USDT * 2 = 2 USDT. If a taker order, the fee is: 2.5 USDT * 2 = 5 USDT.
Doesn't it feel like the taker fee is 2.5 times that of the maker fee! And, did you notice? For a five-fold contract, the fee is 0.5%, while for a ten-fold contract, the fee has risen to 1%!

To save on fees, here are a few small suggestions:
1. Try to avoid opening high leverage contracts.
2. Choose maker orders instead of taker orders.
3. Use rebate links to register an account.

In the cryptocurrency exchange, whether it's spot trading or contract trading, buying and selling will incur transaction fees. Different trading models have different fee structures.

Taking the leading platform Huobi as an example, the spot trading unilateral fee rate is 0.1%. Buying and selling requires a total fee of 0.2%, calculated based on the purchase value.

The unilateral fee rate for contract trading is 0.02% (limit order) and 0.05% (market order), requiring a total fee of 0.04%-0.1% for buying and selling, calculated based on the position value.

Different exchanges have different fee rates as well~

Many people open their historical bills and see that the incurred fees are only a few units, thinking it's not much. In reality, the fees accumulate to quite a bit. With a principal of 100 and using 100x leverage, the transaction fees can be 4-10. Even if one only trades 3 times a day, the daily fees would reach 30, totaling 900 for a month. Since trading is long-term, fees will gradually accumulate.

Many are also curious why, despite showing profits, the account still shows losses. This is due to the expenses from transaction fees. As mentioned above, using 100x leverage for buying and selling, the fees account for 10% of the principal, so at least a profit of over 10% is needed to be considered profitable.

For this transaction, the incurred trading fee is 5613u, which is quite alarming. Therefore, it is essential to pay attention to trading fees.

Saving on transaction fees is also simple; just fill in a referral code when registering. Now, most likely, many already have accounts and ways to operate again.

#合约爆仓

Eat meat😁

Exploded again, feeling light as a feather

Cryptocurrency Savings Secrets! How to Use Rebate Accounts?

In the cryptocurrency world, everyone has some level of investment, but did you know? In fact, everyone can use some small tricks to reduce their expenses and increase their earnings. Today, I'll talk about this topic, especially about how to save money through rebate accounts.
What is a Rebate Account? 🤔
In simple terms, a rebate account is where a portion of the fees incurred during your trading process can be returned to your account. Doesn’t that sound tempting? However, this is not a new concept; many trading platforms have this feature.
Why Open a Rebate Account? 💰
First of all, transaction fees in the cryptocurrency world are actually quite high. For example, if you have 2000 units of oil, open a 20x leverage, buy 20 units of oil, and then sell 20 units of oil, that's 40 units of oil in one day. If you do this kind of transaction three times a day, the fees would be 120 units of oil. Over a year, this number would become 43,800 units of oil. Sounds a bit scary, right?
How to Save Money Through a Rebate Account? 💡
Now, if you have a principal of 2000 units of oil and open leverage of 40x, 50x, 60x, or even 100x, the fees would double, potentially reaching 87,600 units of oil over a year. At this point, if you have a rebate account, it would be completely different.

Assuming your rebate account returns you 20 units of oil, as long as you maintain your principal without loss, the fees can be returned as 8,760 units of oil. If you earn 2,000 units of oil in a day, adding the returned 8,760 units of oil, you could earn 10,760 units of oil in one day. Even if you accidentally face a liquidation, the returned fees would still provide you with some principal.
Summary 📝
Therefore, if you are involved in cryptocurrency, be sure to remember to open a rebate account. Whatever you can get back is free money, so why not? Of course, this is just my personal opinion and does not constitute any investment advice. Everyone should operate based on their actual situation, as investment carries risks and one must be cautious when entering the market.
#手续费返佣

Five days of playing for free, only cashing out is real money.

Five days at home during May Day, lost several tens of thousands of dollars 🤡

This is the third double long and short this month 🤡

This is the last point, and once it's gone, I'll feel much lighter.

After many years, San Shang Lao Shi is back to harvest the cryptocurrency market.