How much do you know about fees?
The rebate on fees is worth looking at.
There are still many people who don't know about the profits from rebates, so let me explain again.
For example, with 50,000 U and a 20x leverage, if you open half a position each time, the trading volume would be approximately 500,000 U, with a fee of 250 U each time to open and 250 U to close. If we calculate based on opening three times a day, the daily fee would be 500 * 3 = 1500 U, leading to a monthly fee of 45,000 U, and about 540,000 U in fees for a year.
So you must take advantage of the fee rebate; it’s like earning money for free. If you don’t take advantage of the fee rebate, it’s easy to lose money. With the fee rebate, even if you lose money, as long as the losses are less than the rebate, you are still making a profit.
👉 How much do you know about fees?
Fees are the biggest cost in the trading process!
👉 Let's take an example using Binance trading fees:
🔺 USDT-Margined Contracts
Maker: 0.02%, which you can simply understand as limit orders, meaning whether buying or selling, the fee is 0.02%!
Taker: 0.05%, which you can simply understand as market orders, meaning whether buying or selling, the fee is 0.05%!
🔺 For example, if you open a Bitcoin contract with a principal of 1000 U and 100x leverage, the buying calculation would be based on 1000✖100 = 100,000 U. The fee for opening would be 50 U, and closing would also be 50 U, totaling 100 U. If you do 4 trades in a day, the daily fee would be 400 U. Even if you do just one trade a day, you would still incur 3000 U in fees a month, which adds up to 36,000 U a year. Honestly, for those of us who trade contracts, many of you likely open positions frequently every day; do you realize how much you are spending on fees!!!
🔺🔺 So everyone must take advantage of fee rebates; every rebate is money saved!
Once you activate it, as long as you preserve your principal and don’t lose money, based on the above calculations, you could potentially save several thousand U in fees in a year. If by chance your operations go wrong and you get liquidated, the fee rebate could give you a chance to make a comeback!
🔺 I hope everyone has a smooth trading experience in a bull market and we can all get rich together!
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