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

Many traders know that transaction fees in the cryptocurrency market are an extraordinarily high expense. Take Binance as an example: the transaction fee rate is 0.05 for market orders and 0.02 for limit orders. If you open a position of 1000U with 100x leverage, your total position will be 100000U. If you place two market orders (most openings are market orders), then your transaction fee for this order would be 100000 × 0.1 = 100U. This means that for your order, one-tenth of the margin has already been taken by Binance; after a few trades in a day, the fees can quickly add up. As a result, many newcomers don’t even realize how they're losing. Simply put, a rebate is when a portion of the fees that have already been deducted is returned to you. For example, if you spent 500 dollars on fees today and didn't open a rebate, the exchange keeps all of it. However, if you opened a rebate, you could get back over 200 dollars. Other than that, there’s no difference; once activated, it’s like getting some U for free.

Here, I will send a fixed amount back to your trading account every day. Binance's rebate ratio is 35% for spot trading and 35% for futures (very generous).

The last question is, how do you open a rebate?

To open a rebate account, you need to fill in an invitation code when registering. For example, my invitation code is: G0DJXVZI.

If you are an existing verified user, it’s a bit more complicated. You can contact me on my homepage, and I’ll guide you through it step by step; it should take about ten minutes to set up. I strongly recommend everyone to have a rebate account; the savings are all your own capital, and over the long term, the fees saved are definitely not trivial. Whether it’s increasing your position or holding a position, sometimes just a little more margin can make a completely different outcome.

Open the Binance APP -- Funds -- Contracts -- Today's Profit and Loss -- Funding Fees and Trading Fees, and you can see your fees for the past year. For high-frequency contract trading and large position traders, your fee expenditure may exceed your principal in just one month.
Therefore, it is essential to open a rebate; the fees you should get back should be retrieved. If you do not open a rebate, all the fees go to the market. By opening a rebate, the fees are refunded to your own account, saving you at least hundreds to thousands of USDT in fees each month.

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