You haven't activated the fee rebate, have you?
Many people still don't know about the profits from rebates, so let me explain again.
For example, with 50,000 USDT and using 20x leverage, if you open half a position each time, the trading volume would be approximately 500,000 USDT, and the fee would be 250 USDT. Closing the position also incurs 250 USDT. Assuming you trade three times a day, the daily fee would be 500 * 3 = 1500 USDT, which totals 45,000 USDT a month and around 540,000 USDT a year in fees.
Therefore, it is essential to activate the rebate; the fees can be considered as free earnings. If you do not activate the rebate, it is easy to lose money. With the fee rebate activated, 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 me give an example using Binance trading fees:
🔺 USDT Margin Contracts
Maker: 0.02%, which you can simply understand as a limit order; both buying and selling fees are 0.02%!
Taker: 0.05%, which you can simply understand as a market order; both buying and selling fees are 0.05%!
🔺 For example, if you open a large contract with 1000 USDT and use 100x leverage, the buy calculation is based on 1000 x 100 = 100,000 USDT. The fee for opening the position is 50 USDT, and closing it is another 50 USDT, totaling 100 USDT. If you make 4 trades a day, the daily fee would be 400 USDT. Even if you only make one trade a day, that's still 3000 USDT in fees a month, and a year would be around 36,000 USDT. Honestly, among us who trade contracts, many trade frequently every day. Can you believe how much you spend on fees!!!
🔺 So everyone must activate the fee rebate; anything you can get back is money saved!
Once activated, as long as you protect your principal from loss, based on the calculations above, you could potentially receive tens of thousands of USDT in rebates in a year. In case you mismanage and get liquidated, the rebate can give you a chance to recover!
🔺 I hope everyone has smooth trades in a bull market and becomes wealthy together!
💰 Binance fee 20% discount invitation code: ECGMWV7T
💰 Binance fee 20% discount link (copy and open in your browser): https://www.suitechsui.online/join?ref=ECGMWV7T
💰 More rebate details can be checked (copy and open in your browser): https://vlink.cc/1coin