Let's talk about the exchange's fees and rebates today.

First, let's take contract trading as an example. Suppose we open a 1000 USDT Dogecoin or Bitcoin 5x contract, and then close the position at the original price. If we don't calculate the fees, we should break even.

However, according to the basic fees of EUR/Binance exchanges, the order placing fee is 0.02%, and the order taking fee is 0.05%, so we can calculate: order placing fee = contract value * fee rate = 1000 USDT * 5 * 0.02% = 1USDT

Order taking fee = contract value * fee rate = 1000 USDT * 5 *

0.05% = 2.5USDT

Considering that we performed two operations (opening and closing positions), we need to multiply the above fees by 2.

Let’s not count the 10% handling fee that Binance can reduce by using BNB.

Therefore, the total handling fee is:

If you choose to place an order, the handling fee is: 1USDT*2 = 2 USDTIf you choose to take an order, the handling fee is: 2.5 USDT*2 = 5 USDT

Do you feel that the handling fee for taking an order is 2.5 times that of placing an order! And, have you noticed? For a 5x contract, the handling fee is 0.5%, while for a 10x contract, the handling fee has risen to 1%!

In order to save handling fees, here are a few tips:

1. Try to avoid opening high-multiple contracts.

2. Choose to place an order instead of taking an order.

3. Use the rebate link to register an account (the exchange will self-reflect 20% + manual 10%, which is equivalent to a 30% discount on handling fees)