1. What is the contract transaction fee?
Contract transaction fees are fees charged by exchanges when conducting digital currency contract transactions. Contract transaction fees are usually calculated based on a certain percentage of the contract value.
2. Common types of contract transaction fees
Opening Fee: Opening Fee refers to the opening fee that needs to be paid when trading digital currency contracts. Generally, the amount of opening fee is related to the leverage ratio and contract type.
Closing Fee: Closing fee refers to the cost of closing a position when trading digital currency contracts. The calculation method of closing fee is usually based on a certain percentage of the contract value of the closed position.
Holding Fees: Holding fees refer to the holding fees charged when trading digital currency contracts. Holding fees are usually calculated by multiplying the contract value of the user's position by a fixed ratio.
Other fees: In addition to the three types of fees mentioned above, some exchanges may charge other types of fees, such as transaction fees, platform usage fees, etc.
To make 1 contract:
The opening fee is 10u, the closing fee is 10u, the total is 20u.
⭕️ Summary: 20x leverage is calculated based on 5 contracts per day
✅ Daily handling fee is: 20*5=100u=800 yuan
✅ Monthly handling fee is: 800*30=24000 yuan
✅ Annual handling fee is: 24000*12=288,000
3. Impact of contract transaction fees on investors
Directly affects transaction costs: Contract transaction fees are an important factor affecting whether investors conduct digital currency contract transactions, because the level of fees directly determines the cost of investors' transactions.
Indirect impact on transaction size: The level of handling fees will also affect the trading volume of investors. If the handling fees are too high, investors will reduce their trading volume; conversely, if the handling fees are reduced, investors will increase their trading volume.
Impact on traders’ profitability: The level of handling fees will also affect traders’ profitability. If the handling fees are too high, traders will have to pay more costs, thus reducing their profitability. On the contrary, lower handling fees mean higher profit margins.
4. Principles for selecting contract transaction fees
Pay attention to the transparency of handling fees: When choosing a digital currency contract exchange, traders should pay attention to the transparency of handling fees. The exchange should disclose the method and standard for calculating handling fees so that traders can understand the specific situation of handling fees more clearly.
Pay attention to the relative level of transaction fees: When choosing a digital currency contract exchange, investors should choose an exchange with relatively reasonable transaction fees, and not just consider the low price of the transaction fees.
Pay attention to the overall trading parameters: When choosing a digital currency contract exchange, traders should not only look at the transaction fees, but also pay attention to other trading parameters, such as leverage, trading depth, etc., to ensure their own trading experience.
5. How do excellent digital currency contract exchanges design contract transaction fees?
The unit of measurement should be appropriate: The unit of measurement should be adjusted according to the size of the trader's trading volume to meet the needs of traders at different levels.
There should be transparent fee calculation rules: The exchange should formulate transparent fee calculation rules and make these rules public to traders so that they can clearly understand the specific fee collection methods and standards.
The handling fee should be related to the type of contract and the degree of transaction risk: the risk levels of contracts of different types are different, so the exchange should set separate handling fees for contracts of different types.
6. Solution to handling fee
Binance's spot trading charges a 1/1000 handling fee for buying or selling. For example, if you buy 10,000u of Bitcoin, a 10u handling fee will be charged. However, if you buy some BNB and then choose to use BNB to offset the handling fee, you will be charged 7.5u worth of BNB, which means you can save 2.5u. Please note that you must have more than 7.5u of BNB in your account, otherwise 10u will still be charged.
You can also use BNB to deduct the handling fee for futures trading. The handling fee is 10% off when you use BNB to deduct the handling fee. The handling fee for buying or selling a Binance futures transaction is 20,000 yuan.
If you use BNB to deduct the transaction fee, you will only be charged 1.8u BNB. The premise is that after you buy BNB spot, you must transfer the BNB spot to the contract wallet to deduct the contract transaction fee.
Many users do not know whether they have received a refund or whether they have filled in an invitation code when registering, because many links now come with an invitation code, and the handling fee refund that should belong to them is all given to others.
If you didn't do a refund at that time, you can do one again now. In the bull market, transactions become frequent, and a handling fee will be charged for every operation. It would be great to get back the part that belongs to you, right?
