I believe many old users registered on Binance a long time ago, and at that time, they didn't know about invitation codes,

had never heard of invitation codes.

The term 'invitation code' has become popular in the last two years.

However, some old users believe that they filled in an invitation code when registering on Binance.

Here’s a method to check if you filled in an invitation code when you registered.

Step 1: Open the small icon in the top left corner of the homepage
Step 2: Click on 'Invitation Rewards'
Step 3: Click on the top left 'Invitation Coupon Limited Edition' to adjust
Step 4: Select 'Super Commission'

Fee rebates are real in the cryptocurrency world. Many cryptocurrency trading platforms have rebate systems. Users fill in the relevant invitation code when registering and trade to get a certain percentage of the fee rebate.
The commission rebate is to return part of the commission generated by the transaction. The rebate ratio varies according to the platform fee rate. For traders, the commission rebate can greatly save a lot of transaction expenses and is also a disguised profit model.
Now that you know about the commission rebate, you should also understand how much the commission is actually generated.

In the digital currency market, there is a group of people who usually post their earnings charts on Weibo and social platforms to attract your attention.
When you think this person is awesome, you may be deceived. Of course, there are indeed awesome people, but most of them are fake exchanges, and the profit charts they post are all fake.
So I always say that choosing a reliable exchange is the first step for you to enter this circle. Here I only recommend two. Binance, OY
Both platforms have a copy trading area. Only those who are truly capable can apply to become a copy trader. You can choose a trader and follow his orders. I think this function is very powerful and more reliable than those big Vs on Weibo. You can understand it this way. These copy traders are fund managers in the cryptocurrency circle.

Many users found that they need to fill in the referral code when registering Binance. It is best to fill in one because it can reduce the handling fee. Since you have discovered this, let me explain to you in detail why you need to fill in the invitation code~

● What are the benefits of filling in the invitation code?

The Binance referral is an internal link certificate provided when inviting friends to register on Binance to prove that the user was invited by an old user.
If you don't have an invitation code, you can register directly. However, please note that there is a certain fee for accounts registered through invitation codes.

The transaction cost of the cryptocurrency exchange is only the handling fee (there is an additional funding fee in the perpetual contract, which will be mentioned later). This is unavoidable. Due to the mechanism of cryptocurrency trading, especially for intraday short-term trading, the handling fee will definitely be relatively high, so it is important to pay attention to it. If there is a rebate, a large amount of fees can be saved, which is equivalent to risk-free profit.

Cryptocurrency trading mechanism
24 hours a day, 365 days a year, no closing time, enter and exit at will
Spot trading: long only
Contract trading: You can go long or short, and you can add leverage, but there is a margin call mechanism, so it is not recommended.

Users who trade in the cryptocurrency circle may not know that there is a handling fee. Today, let’s talk about which transactions will incur handling fees? What are the handling fee rates? And how to save handling fees

Which transactions will incur fees?
There are two main trading modes in the exchange: spot (coin-to-coin) trading and contract trading.

Spot (coin-to-coin) trading
Spot trading is also called currency-to-currency trading. The currencies purchased through spot trading can be freely used by oneself and can be transferred to other exchanges or wallets.

Spot trading also requires a handling fee for buying and selling. A purchase fee of 0.1% is required, and a sale fee of the same rate is required.

The trading costs in the cryptocurrency space consist only of fees (there is an additional funding fee in perpetual contracts, which will be mentioned later), and this is unavoidable. Due to the trading mechanism in the cryptocurrency space, especially for intraday short-term trading, fees can be quite high, so it's important to pay attention. If there is a rebate, it can save a significant amount of costs, equivalent to risk-free profit.

Cryptocurrency trading mechanism.
Open 24 hours a day, 365 days a year, without a break, allowing for anytime entry and exit.
Spot trading: Can only go long.
Contract trading: Can go long, can go short, and can use leverage; however, there is a liquidation mechanism, not recommended.

Old investors in the crypto circle should know how frightening the commissions for high-frequency trading in contracts can be. Many who want to understand the crypto market are not clear on how much commission trading will incur.
Cryptocurrency exchanges can be roughly divided into two major trading models: spot (crypto-to-crypto) trading and contract trading.

Spot (crypto-to-crypto) trading
Spot trading is similar to stocks; you can only buy bullish, buying low and selling high. However, both buying and selling require a commission.

Taking Binance, a leading platform, as an example, the spot single-side commission rate is 0.1%.
The current price of Bitcoin is 65000 USDT, and buying and selling requires a commission of 130 USDT.
However, there are many preferential policies at Binance. Holding BNB can deduct 25% of the commission, and some trading pairs do not even require a commission for limit orders, greatly reducing user expenses. If there are rebates, some commissions can be refunded.

Do you all know what the biggest cost in trading is? That's right, it's the transaction fee.
Old players in the crypto world should all know how scary the transaction fees for high-frequency trading are.

Currently, Binance has the lowest fees among the three major exchanges, but the total accumulated each month still results in a lot of trading fees for many partners.

Especially for brothers who frequently trade contracts, the fees are not a small amount.

Have you ever calculated a bill carefully?
Brothers who trade contracts often do so frequently every day, do you know how much you spend on fees!!!
To make one contract:
Opening fee 5u, closing fee 5u, total 10u.

The results of the 2024 U.S. presidential election have emerged, with the Decision Desk Headquarters (DDHQ) announcing that Republican presidential candidate Trump has secured 270 votes, defeating Democratic presidential candidate Harris's 213 votes, thus beginning his second presidential term.

On Wednesday (November 6), at the close of trading in Asia, the dollar and Bitcoin surged again, while gold plummeted to $2,710.

Gold Daily Chart
Bitcoin Daily Chart
Trump won the presidential election, having left Washington four years ago under a cloud of disgrace and an uncertain political future, and now he has finally secured a second term. DDHQ made this decision after announcing that Trump is expected to win Pennsylvania and Alaska (which gives him exactly 270 electoral votes).

To all in the cryptocurrency space, whether you are a long or short-term trading expert in spot contracts, a big player in project investments, or friends chasing airdrops and white lists.
What phones and configurations does everyone use? Which phone do you think is more convenient and safer in the cryptocurrency space?
Let's take a look at the sharing from experienced users:
A:
Two Apple phones are sufficient.
1. Why use Apple? Mainly because Xiaomi, Huawei, and other phones are said to have anti-Z software built-in at the factory, which can track what you're doing. You might not believe it, but I used to use Xiaomi, and my OKX and Binance apps were often automatically deleted. So, if you can use an Apple, go for it. However, if you're a student and your funds in the cryptocurrency space are only a few thousand to tens of thousands, using Android is fine. Switch to Apple when your funds grow larger.

In the cryptocurrency trading market, choosing an exchange with low fees is crucial for traders. Binance, as a well-known digital asset trading platform, has attracted a large number of users. However, it is essential for traders to understand and compare their fees.

Veteran traders in the crypto circle should know how frightening the fees for high-frequency trading contracts can be. Newcomers should also understand the fees generated from trading in the crypto world and what fee rebates are. No matter what trading mode, fees will be incurred, both for buying and selling.

In the cryptocurrency trading market, choosing an exchange with low fees is crucial for traders. Binance and OKEx, as well-known digital asset trading platforms, have attracted a large number of users. However, for traders, understanding and comparing their fees is essential. This article will compare the fees of Binance and OKEx to help you decide which exchange is more suitable for your trading needs.

1. Binance Exchange Fee
Binance is one of the largest cryptocurrency exchanges in the world, with a rich variety of trading pairs and deep liquidity. Its fee structure is relatively complex, determined by users' trading volume and the amount of BNB (Binance Coin) held.

Veteran crypto traders should know how shocking the fees for high-frequency contract trading can be. Newcomers should also understand how much fees are generated in crypto trading and what fee rebates are. Regardless of the trading model, fees will be incurred for both buying and selling.
Different exchanges charge different fee rates, and the corresponding promotional policies also vary.
Crypto exchanges can be roughly divided into two major trading models: spot (crypto-to-crypto) trading and contract trading.
Spot trading is similar to stocks; you can only buy low and sell high, but both buying and selling incur fees.

In the crypto world, I've heard too many stories of overnight wealth. "In a bull market, there's no reason to lose money."
In the crypto world, I've heard too many stories of overnight wealth. "In a bull market, there's no reason to lose money," this saying makes new investors unable to resist investing, and like a knife, it keeps cutting into their flesh over and over again.
In the 'crazy first year of cryptocurrencies,' Bitcoin rose from $1000 to a peak of $3000, Ethereum skyrocketed from $8 to 50 times its value, and other smaller market coins increased by hundreds or even thousands of times. In any investment market, this is unbelievable. We were surprised to find that 'doubling assets overnight' is not a joke, but a real experience in this feast.

The cryptocurrency circle refers to the circle of the encrypted digital currency industry. This industry is developing very fast and the market is volatile. For investors, it is very important to understand the real-time market conditions and market dynamics. In the cryptocurrency market, many tools and software are widely used. These tools involve wallet storage, transactions, asset management, and market analysis.

A must-have software APP for people in the cryptocurrency circle
In fact, most exchanges provide similar functions. There are many exchanges, and it is recommended not to go to small exchanges.

1. Binance

Many people ask whether money can be made in the cryptocurrency market. It definitely can, but everyone needs to understand that you will never earn money beyond your understanding. If you only think about getting rich overnight without in-depth study and research, you will suffer; the probability of losing money is 99.9%.

Here are my 22 summarized experiences in the cryptocurrency market, hoping they will be useful to you:

1. Avoid trading during the day; it's best to trade at night. First, daytime anxiety affects trading; second, it's hard to see the situation clearly.
2. After making a profit, do not chase after more orders; take your profits. Never think about making a profit on a second order after the first; otherwise, it's easy to end up losing.

Many new and old users on Binance may often hear the term rebate, but may not fully understand its specific meaning.
Below is a diagram explaining what a rebate in the crypto world actually means.

In fact, a rebate account is very necessary; it is unrelated to the size of funds or trading profits and losses. As long as there are trades, transaction fees will be incurred, and over a long period, the expenditure on these fees can be quite daunting.
Applying for a rebate in the crypto world is also very simple; you just need to register an exchange account and trade using a specific invitation link (invitation code).
Before this, you must consult and understand the rebate ratio, rebate time, and rebate cycle, and verify them.

Everyone's initial intention in the cryptocurrency space is the same, and there's no doubt about it. If you are just here to pass the time casually, then this place is not suitable for you. We come to the crypto space to gain more returns and provide a better life for our families. If technical skills are the premise for profit in this space, then the strict rules that need to be adhered to are key to long-term profitability.
If you want to treat trading cryptocurrencies as a second source of income, wish to have a share in the market, and are willing to invest time in growth and learning, then you shouldn't miss this article. Read it carefully; each point is the essence of the stock market. It can be said that whether in a bull market or bear market, these rules can help you!

Many years ago, a story about a friend speculating on cryptocurrencies, which still resonates today, showing how obsessed he was with virtual currency at that time.

Just now, I made three rounds of ETH and lost 5000, my mindset collapsed, I uninstalled the software, exited all related groups, unfollowed topics, and deleted friends. This is gambling; once you play, you have the mentality of a gambler. I learned about Luna's crash from the hot search in early May, and from that moment, a seed of malicious thought took root in my mind.

I knew nothing about virtual currency; I had never understood it, nor had I tried to learn, but somehow I bravely registered an account. As soon as I logged in, I chose Luna, which had reopened at 0.00001. I wanted to buy but didn't know how to deposit money. Initially, I just charged 200 yuan to test the waters, and finally managed to deposit, but Luna had already dropped to 0.00005. At that time, I directly bought a few dozen yuan of the spot, but it started to fall. I had no idea what I was doing and bought impulsively, merely a few dozen yuan, then I topped up another 800. I thought to myself, after this, I would quit.