How outrageous are transaction fees?

In the increasingly difficult environment of making money in Web3, more people are starting to pay attention to transaction fees, which were previously overlooked. Just how high are these fees? Let me do some calculations for you.

Taking 10,000 USDT as an example: the spot trading fee is 0.1% per transaction, so the fee for one trade is 10,000 * 0.1% = 10 USDT. Buying and selling once each incurs 20 USDT; don’t underestimate this. If you trade every 3 days, that’s 120 trades a year, leading to fees of 20 * 120 = 2,400 USDT, which is 24% of your principal. If you trade once a week, that’s 50 trades a year, and the fees will be 1,000 USDT, which is 10% of your principal.

If your principal is 100,000 USDT, then after a year, just in fees, you will lose 24,000 USDT. After two years, that’s equivalent to a Tesla gone.

What about contracts? The fees will only be higher. If you open a 10x leverage on 10,000 USDT, the fee for opening and closing a position at once will be principal * multiple * rate = 100 USDT (Taker rate 0.05%). The frequency of contract trading will only increase. If you trade once a day, in just 100 days, all your principal will be worn away by fees. This is also one of the reasons I do not recommend playing with contracts—fees are unbearable.

Based on your own principal and trading frequency, you can roughly calculate how much of the 1 billion USD profit of BN in a year is contributed by you. The main fees are like a dull knife cutting flesh; the principal slowly disappears while you remain unaware. Only by calculating this carefully can you truly understand how outrageous it is.

Realizing this, along with the fact that many people have recently asked me if there are rebates available, I specifically applied for BN's super rebate node, which offers the highest rebate in the network at 40%. For accounts registered through my link, I will return 35% of the fees to you every month through UID, saving you one-third of the transaction fees.

How to operate to receive a fee rebate.

—— You just need to register a new account and verify your identity. You can ask family and friends you trust. If everyone around you has already registered, you can find an old account that hasn't been used for more than six months and rebind the commission relationship through the invitation link. I will settle the 35% rebate once a month and transfer it directly to you through UID.

Finally, don’t think it’s a hassle. This is a one-time effort, and if you don’t take this money, it will be taken by the exchange. It’s like buying insurance: if you buy from an insurance company, it costs 10,000, but if you buy from an acquaintance, it’s still 10,000, but they can give you a 2,000 commission. That’s money you get for free. Those who have activated the rebate can receive an extra salary every month, and that feeling is great.

Invitation code 845938263

Invitation link https://www.suitechsui.cc/join?ref=845938263