Today, we will continue to discuss the refund of transaction fees. Many brothers do not know how to do it, so let's elaborate. It's actually quite simple: just add a referral code when registering, or directly use my referral link.
There is also another situation: if you used someone else's spot trading referral link, you can still write the referral code when opening a contract, and the refund is still possible. If you have an old account and did not enter a code, and you have not received this refund, you can try asking customer service if you meet the conditions. 1. Did not fill in any invitation code during registration. 2. Did not log in to the account for six months. 3. If you log in through my link, it will automatically bind to me. There may be additional conditions; you can ask customer service for specifics.
Now, the refund of transaction fees is also a significant amount. Never underestimate it, especially for us long-term traders. We continuously trade, and sometimes we overlook this, but when we look at it, it has already taken up a large portion of our profits. It's like this analogy: if you use 1000u margin to open a 100x leverage position, 1000×100÷1000=100 (opening and closing a position). After just 10 rounds of trading, your principal is gone, purely consumed.
$XRP Hello, brothers, everyone is good, I am Xia Mi, it's time for the night challenge, from 200u to 20000u, let's see whether it ends in success or failure, let us witness together
Currently, a new order has actually been placed, but it’s too late, I’m too lazy to calculate, will calculate tomorrow, trading is always a long journey, we don't need to be anxious, whether it’s a loss or a profit, it’s the result of our choices, we must accept this result, we cannot get carried away, getting carried away may make us rich overnight, but the probability is that we will lose everything
What is the handling fee? The handling fee is a fixed fee that you need to pay for each transaction, which will increase with your position leverage. On this basis, our handling fee is a very large amount of money, not a small fee that you don’t need to worry about. This is true whether our principal is large or small, because it expands with our position leverage, not fixed. For example, if the principal is 1000u and the leverage is 100 times, the handling fee required is 100u, while the principal is 100u and the leverage is 100 times, the handling fee required is 10u. So no matter whether your principal is large or small, the handling fee will expand with the expansion, so we should save and spend, don’t think that you play less, and the handling fee should also be Relatively small, at least it is still very much for your principal, even greater than the principal
So sometimes, we should save money, huge amounts are made up of small amounts, in fact, sometimes we look at the orders we place and we will know that it is made up of small orders, and then quickly traded into your order, the handling fee is actually a bit like, each order may not be much, add up to that is comparable to the principal
So it's quite obvious, during the weekend, there isn't much market activity, so we can continue to patiently wait. In our trading, we must resolutely avoid becoming anxious due to temporary losses. If we do so, we will not be far from liquidation. Take it slow; even if we incur losses, I can accept it. But for now, I still trust my strategy, so let’s see.
Is the handling fee really that important? Is the handling fee rebate real? Let's discuss it today. First of all, the proportion of handling fees. We need to know whether the handling fee proportion is large or not. How much impact does it have on us?
So what about this point? We know through an example of opening a handling fee. Our handling fee is about 1‰. What does this mean? That is to say, if we have a principal of 3000u, we will charge a handling fee of 3u every time we open or close a position
Then some brothers said that for this handling fee, it doesn't seem to have a particularly big impact whether it is opened or not, but remember that this is without any leverage. If our leverage is 100 times, then our handling fee will not increase synchronously, and it will become 300 with a handling fee. What is this concept? Only 10 hands are needed to consume all the principal
Okay, another question is whether the handling fee rebate is real or not. For this question, we can just check the rules of Binance. It is clearly stipulated that as long as the rebate is made without violating the regulations, it is compound and officially supported, so there is no need to worry.
$WLD Hello, brothers, everyone is good, I am Xiami. This morning, we started updating for another day, 200u challenge 20000u, let's see if we succeed or fall
Currently, we are still waiting. This actually tests our inner strength because I am currently in a loss state. I can only say it's a real record. I will also record the losses. As long as there is hope for this strategy, I will not give up. If there is no hope, then of course, I will need to change my approach.
When I didn't check the transaction fees, I thought the proportion of fees was just a little bit, maybe a few dollars, just a fraction of a percent, something that didn't need to be worried about. Then one day, out of boredom, I decided to take a look and found out it was not like that at all. The fees were actually more than my principal amount. That's when I realized how important it is to be aware of this. Indeed, when doing something, one should know when to save and when to spend.
$MKR Hello, brothers, everyone good evening, it's time for the night update again. Let's continue with our challenge, from 200u to 20000u, will we ultimately fall or stand up, we shall see.
Waiting or patiently waiting, we cannot get too anxious. Currently, there are still no new orders, so we just need to be patient, perhaps there will be lows, but it doesn't matter, persistence is victory.
Shocked, our transaction fee is actually more than our principal?! Is this true or a joke? It is very simple to know this. Let's check it out. If this is true, how much profit have we lost? No
For example, Binance generally has a fee of about 1‰ (opening and closing positions). What does it mean? That is to say, if our principal is 1000u, and we make 1000 transactions, then this 1000u will be evaporated by the fee. It seems that it is not too much, but not too little, right?
But don't forget that this is without adding any leverage. If we add leverage, the fee will increase geometrically, such as 100 times. We can only trade 10 times with 1000u, and 100 will be deducted from the fee each time. What is this concept?
If our profit is several hundred U in these 10 times, we open the commission rebate, which means that the profit has doubled. If we lose, this is also our chance to make a comeback, because it has exceeded our principal, so this statement exists. If you need it, just fill in my invitation code directly.
$KNC Hello, brothers, how are you all? I am Xiami. Today, there’s no need to say much, let’s continue the challenge, from 200u to 20000u, let’s see if in the end we fall down or stand up.
Currently, there are no new orders appearing. Some brothers might wonder why I’m not going against the trend in this situation, given that there are anchor points. However, there’s no need to panic. The market for my strategy hasn’t been very good during this time, but it’s just a few trades, so there’s really no need to panic, alright?
Until now, some people still think that the handling fee is insignificant. Sometimes even those who trade with high frequency and high margin think so. Don’t you know that the handling fee is even greater than the principal in the long run?
Today we will talk about the handling fee. The handling fee may seem to be a little bit of zeros at the end, which seems to be insignificant, but don’t forget that when we trade, we usually don’t lose all or make money at once. Generally, we trade slowly with ups and downs.
In this state, the amount of the handling fee cannot be ignored. Let’s take 2000u as an example. Generally, our handling fee is about 1‰. Without any frugality, but don’t forget that we can’t only do one operation in our lifetime, and this is without any leverage. For example, if we have 100 times leverage, then guess how long this 2000u can last? That’s right, it’s only 20 times, and the handling fee of 2000u will be used up in 20 times.
What is this concept? That is to say, if our total profit in these 20 transactions is only a few hundred U, it can even double your profit, which means that your doubled profit may be consumed by the handling fee, so brothers who need it can just use my invitation code
Besides reliability, I can't give you anything else, it's the best within the rules. Well, since it doesn't violate the rules, let's save and spend together. I have seen many people who don't follow the rules. They are all gone after being messed up, so stability is the most important thing
$KNC Hello, brothers, how is everyone? I am Xia Mi. Today, we continue our challenge from 200u to 20000u, let's see if we ultimately stand up or fall down.
That's right, you read that correctly, 7 consecutive losses, alright, brothers, it's another 7 consecutive losses. Damn it, I have really become a contrarian. Still, with proper take profit and stop loss, the win rate is quite good for a contrarian, but obviously, this little setback is not enough to make me give up. Keep pushing, keep holding on.
In the end, you can check my trades; feel free to follow along, grow slowly, and rise steadily. Welcome to verify, I will eventually prove myself, alright.
Shocked, the transaction fee we pay for trading may be greater than our principal?! Is this a lie or a fact? We can tell once we do the math. We know that trading on any exchange requires transaction fees, but obviously, in addition to transaction fees, security is also a very important thing, so I still recommend everyone to choose Binance
What about our transaction fees? About 1‰ is charged for opening and closing positions. What does it mean? Take 1000u as an example. We conduct spot transactions of 1000u. 1000 times, all of these 1000u will become transaction fees. Doesn't it sound cheap? But I tell you, it is very wrong.
Because first, this is a spot transaction, without any leverage. Once the leverage is activated, the handling fee will soar. Take 100 times leverage as an example. You can obviously make 1,000 transactions, but suddenly it becomes 10 times. 1000u is gone in 10 times, so saving handling fees is very important.
In addition, it is possible for old users to get high handling fee rebates now. You just need to ask the customer service whether it complies with the rules.
I can't bring you many things. The only thing I can bring to you is reliability. There is no choice but to be reliable. The highest specification is reversed. It does not violate the rules and we can all get benefits.
In the process of trading, we should save and spend
Especially if we do quantitative, high-multiple, frequent short-term operations, or are a mature trader, even if you are a long-term trader, you will make a lot of transactions, and in this process, there will still be a lot of handling fees
Sometimes it is even comparable to the principal, because trading has wins and losses. Generally speaking, as long as we don’t gamble all in, we will win a little and lose a little, and slowly lose or slowly rise. At this time, the handling fee is very large. Even if you lose, this is your best chance to make a comeback
Because sometimes we can calculate and know that if one bitcoin is traded 1,000 times, this bitcoin has already deducted the handling fee. This is still the case of spot. What if you use leverage? With 50 times leverage, one bitcoin can only be traded 20 times, and this bitcoin will be completely consumed. Just think about it and you will know
$CRV Hello, brothers, everyone good, I am Xia Mi, today, we will continue our challenge, from 200u to 20000u, let's see if we ultimately fall or stand up.
Finally, I managed to win a small streak, but it is very clear that it is still a reliable contrarian indicator, the last round had 11 consecutive losses, which really hurts, but will I give up? Impossible, we will continue to observe and persist.
In the end, you can take a look at my trades, feel free to follow, grow slowly, and move upwards, welcome to verify.
Shocking, a trader's transaction fees actually exceed their principal! Is this true or false? Let's discuss it together.
We all know that a qualified trader will inevitably experience wins and losses, gradually growing through the process, especially in high-frequency trading. Climbing up like this requires going through multiple rounds of trading. At first, we might not notice the transaction fees.
However, over time, it is certainly possible for the transaction fees to exceed the principal. For example, with a 1000 USDT margin, if we use 100x leverage, 1000×100÷1000=100, our principal can only support us to open 10 positions, and then all of it will be deducted as fees.
So if we engage in fee rebates, our profit could increase by at least several tens of percent—that's all money! So if anyone needs it, you can directly use my referral code.
On our trading journey, we should save when we can and spend when necessary. Sometimes, if we receive rebates, that strategy could actually be profitable. For instance, as mentioned earlier, with 1000 USDT, that's a full 100 USDT in fees. This means we could have been profitable, but we didn't take action, leading to losses. It's such a sad situation when a good strategy can't yield profits.
You may not know how significant our transaction fees are in our daily trades. There is actually a misconception here: you might think that it only accounts for a few thousandths, which is very little.
But don't forget, brothers, trading is definitely a long-term journey. During this process, we win some and lose some, continually engaging, and little by little, fees add up to a substantial amount. This is especially true for those of us who prefer high leverage, high-frequency trading. In such cases, our fees can rival our principal amount. I've calculated the fees, and it's roughly 1/1000.
What does this mean? It means that if you trade one Bitcoin 1000 times, that Bitcoin would entirely be consumed by transaction fees. And this is without using leverage; with leverage, you wouldn't even need 1000 trades—just 100 trades at 10x leverage, or even only 20 trades at 50x leverage, and that Bitcoin would already be fully depleted, completely offsetting it. So if we activate this and save the funds, that would all be our profit. If anyone needs it, you can use this invitation code.
So sometimes, it's like some small money in our lives; at first, you think it’s nothing, but in the end, when you add it all up, you will find that it accounts for a very large portion.
Today, let's continue to discuss the refund of fees. Many brothers don't know how to do it, so let's explain it in detail. It's actually quite simple: when you register, fill in: 787283935, or just follow my link
There is also a situation where you are using someone else's spot link. When you open a contract, you can still write it down and receive a commission. If you are an old account and didn't write it down, and have never received this refund, you can try to ask customer service if you meet the conditions. 1. Not filled in during registration 2. Hasn't logged into the account for half a year 3. Logging in through my link will automatically switch to my account There may be conditions required, you can inquire with customer service for specifics.
The refund of fees is also a significant amount. Never underestimate it, especially for us long-term traders. We constantly trade, and sometimes we may not pay attention to this for a long time. However, when we look at it, it has already taken up a large portion, and that is our profit. It's like this analogy: if you use 1000u margin to open a 100x leverage position, 1000×100÷1000=100 (opening and closing positions). After just 10 rounds of trading, your principal is gone; it's purely consumption.
Recently, I saw many scam rebates in the square, with percentages and all sorts of claims. Many brothers believed it, but today I'm here to tell you that this is unreliable!!!
This is not just what I say, but it is the actual official rule. The rules state that spot rebates cannot exceed 35%, and contract rebates cannot exceed 25%. So what about all those claims you guys are making? Even if that person is trustworthy, if they are hit with a regulation, they can be directly expelled, alright?
Then some might say, I say others are not good, isn't it just to promote myself? You're right, I admit I'm promoting myself, but I won't engage in such illegal activities to avoid getting into trouble myself. I didn’t notice it before, but after looking at the rules today, I quickly want to remind everyone. As the saying goes, longevity is the true essence.
What I can do is provide you with the highest level of rebate according to the rules and maintain reliability. Some brothers might think that the transaction fee is just a little, but that’s a hasty conclusion. Over a long period, if you ignore the transaction fees, they can even exceed your principal, whether in contracts or spot trading. So, spend wisely and save where you can.
$BTC You think that the handling fee is a few thousandths, which is fine. It doesn't matter whether you save or not. But when you really check it, you will find that in the long run, if we operate with high frequency and high leverage, it will soon exceed the principal.
What you waste is your own money, and even your chance to make a comeback, so we must do it well if we have the opportunity, save when we should, spend when we should.