As a global leading cryptocurrency trading platform, Binance's trading fee system is a key consideration for traders. Fees directly impact your trading costs.
- Spot trading: The standard fee is 0.1% of the trading amount. If you buy a certain cryptocurrency for $10,000, you will pay a fee of $10.
- Contract trading: Divided into Maker and Taker fees, typically Maker fees are lower than Taker fees; for example, the Maker fee may be 0.02% while the Taker fee may be 0.04%.
- Pay with BNB: If you choose to pay trading fees with Binance's native token BNB, you can enjoy a discount of 25% to 50% on fees, significantly reducing your trading costs.
- VIP levels: Based on your trading volume and BNB holdings, Binance offers a VIP level system; the higher the VIP level, the greater the fee discount, and there may even be exemptions from certain trading fees.
# What is a rebate?
A rebate is an incentive mechanism provided by trading platforms to encourage users to trade more by returning a portion of trading fees. The following are the specific details of Binance's rebate:
- Invitation rebate: Binance's referral program allows users to invite new users to register and trade through a unique referral link. Whenever a referred user trades, the referrer can receive a portion of their trading fees as a rebate. The rebate rate is typically around 20%.
- Rebate calculation: Suppose you conduct a $10,000 trade with a fee of $10 (standard spot trading). If the rebate rate is 20%, you will receive a $2 rebate.
- Form of rebate: Rebates are usually paid directly to your Binance account in the form of BNB or USDT, reducing your own trading costs.
By understanding Binance's trading fee structure, especially the rebate mechanism, you can effectively lower your trading costs while increasing additional income through the referral program. Whether you are a short-term trader or a long-term investor, making good use of these mechanisms will make your investment strategy more cost-effective.
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James invested ten million, and I just invested ten thousand to follow him. If I think about it this way, will it be easier to understand the floating loss?
The current market situation of Bitcoin doesn't really need much analysis; the market needs a rest even if it keeps going up. At this stage, it's fine to go long when it drops and short when it rises.
5.13 Market Analysis Last night, Bitcoin experienced a significant drop, reaching a low of 100720, approximately near the 200-hour moving average, and then quickly rebounded to around 103080. I advised everyone in the group to take profits on long positions if it fell below 103500, as a drop below this level could lead to a significant pullback, with the market trend shifting from a bullish trend to a sideways trend.
The current first support level is 101500, and the second support level is 100300. I recommend that everyone can place buy orders lower, buying on dips, with the first resistance level above at 103500 and the second resistance level at 105000.
After a significant one-sided bullish run, the market needs a brief adjustment. As a temporary strategy, I suggest that everyone can try short-term trading by selling high and buying low, focusing primarily on buying on dips.
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