How outrageous are the trading fees?
In the increasingly difficult environment of making money in Web3, more people are starting to pay attention to trading fees. How high are the fees that were previously overlooked? Let me do the math for everyone.
Taking 10,000 USDT as an example: the handling fee for spot trading is 0.1% per transaction, so the fee for one transaction is 10000*0.1%=10 USDT, totaling 20 USDT for buying and selling once each. Don't underestimate this. If you trade once every 3 days, that's 120 trades a year, and the handling fee will be 20*120=2400 USDT, accounting for 24% of the principal. If you trade once a week, that's 50 trades a year, and the fee will also be 1000 USDT, accounting for 10% of the principal.
If your principal is 100,000 USDT, then over a year you will lose 24,000 USDT just in fees, which is equivalent to losing a Tesla in two years.
What about contracts? The handling fee will be even higher. For 10,000 USDT with 10x leverage, the fee for opening and closing a position is principal * leverage * rate = 100 USDT (Taker rate 0.05%). Contract trading will only be more frequent; if you trade once a day, in just 100 days, all your principal will be worn down by fees. This is also one of the reasons I do not recommend everyone to play contracts, the fees are unbearable.
You can roughly calculate based on your principal and trading frequency to see how much you contribute to BN’s annual profit of 1 billion USD. The main fees are like a dull knife slicing flesh, slowly draining the principal, while you yourself have no awareness of it. Only by calculating it in detail can you realize how outrageous it is.
Realizing this, and with many people recently asking me if I have a rebate, I specially applied for the BN super rebate node, which is the highest rebate of 40% in the whole network. For accounts registered through my link, I will return 35% of it every month through UID, which can save one-third of the handling fee.
How to operate to obtain cashback on handling fees.
—— You just need to register a new account and undergo identity verification. You can ask family members or trusted relatives. If everyone around you has already registered, you can find an old account that hasn't traded for more than six months and rebind the rebate relationship through the invitation link. I will settle the 35% cashback once a month and transfer it directly to you through UID.
Finally, do not consider it troublesome. This matter is a one-time solution. If you do not take this money, it will also be taken by the exchange. It's like buying insurance; buying from an insurance company costs 10,000, but if you buy from an acquaintance, it also costs 10,000, but they can give you a 2,000 commission. This is money you get for free. Those who have activated the rebate can receive an additional paycheck every month, and this feeling is very satisfying.
Registration link 🔗
https://www.suitechsui.online/join?ref=873005359