How to Redeem Trading Fee Rebate Voucher and Platform Fee Rebate Voucher
2020-09-01 10:46
Last updated: 19 June 2024
Binance’s Trading Fee Rebate Voucher, and Platform Fee Rebate Voucher, are provided to Binance users as a rebate or refund of the trading fees or platform fees incurred during their transactions on the Binance platform.
You can enjoy this rebate on designated products such as Spot, Margin, Futures and Binance NFT marketplace within the vouchers’ valid time period. Once a voucher is activated, the daily trading fees or platform fees for the corresponding product (excluding referral commissions) will be credited to your Spot Wallet in USDT, USDC or BNB on the next day of your trade.
Please note, once your rebate voucher is issued, there is a certain period to claim the voucher via Rewards Hub. When the voucher is claimed, a unique expiry date will be generated on every voucher, and the rebate will become invalid after the mentioned expiry date. Once a voucher expires, remaining balances cannot be applied or restored in any way.
How to redeem a Trading Fee Rebate Voucher or Platform Fee Rebate Voucher?
1. Log in to your Binance account and go to [Profile] - [Rewards Hub].
2. Click [My Vouchers] to view all the available rewards.
3. Under the [Ongoing] tab, scroll down and find the Trading Fee Rebate Voucher or Platform Fee Rebate Voucher you want to use.
Click the [i] button on the voucher to view more details, including its face value, expiry date, eligibility, and trading fee rebate reward amount.
4. Click [Use].
5. If you don’t have a corresponding trading account (e.g., a Futures account), you will be guided to open one.
If you already have the corresponding account, you can confirm redemption by clicking [Use Reward].
6. Once successfully redeemed, your trading fee rebate reward will be activated. The corresponding daily trading fees of the particular product (excluding referral commission) will be distributed to your Spot Wallet in USDT, USDC or BNB on the next day following your trade by 23:59:59 (UTC). If you trade on the day you activate the voucher, your first trading fee rebate will consist of only the trading fee generated after the activation until 23:59:59 (UTC).
What is a USD Trading Rebate Voucher?
A USD Trading Rebate Voucher is a trading rebate voucher with a fixed USD value. Once activated, the voucher converts the fixed USD amount to an equivalent amount in BNB based on the current BNB price.
For example, if a user receives a $100 trading rebate voucher and the BNB price at activation is $600, activating the voucher will convert it to a trading rebate voucher with a face value of 0.1667 BNB.
How to view my rebate refund history?
After activating your Trading Fee Rebate Voucher or Platform Fee Rebate Voucher, you will see the corresponding daily trading/platform fees for the particular product (excluding referral commissions) settled in USDT, USDC or BNB to your Spot Wallet on the next day of your trade, by 23:59:59 (UTC).
You can view your refund history by going to the wallet icon, then [Transaction History] and select the [Distribution] tab. You can also access the page through this direct link.
How to redeem a Trading Fee Rebate Voucher or Platform Fee Rebate Voucher using Points?
1. To redeem rewards using Points, click [Rewards Shop].
2. You can view all the available rewards here. Click [Claim] to use your Points to claim a Trading Fee Rebate Voucher or Platform Fee Rebate Voucher.
3. The Points will be deducted from your Points balance once you successfully claim it. You can find the Trading Fee Rebate Voucher or Platform Fee Rebate Voucher claimed on the [My Vouchers] page.
Please note that the value of the Trading Fee Rebate Voucher and Platform Fee Rebate Voucher will be deducted each day according to the rebate distribution until the depletion or the expiry of the voucher. To check the trading fee rebate distribution history, go to [Wallet] - [Transaction History] - [Distribution] or click [Detail] on the voucher.
Rebate calculations and examples
The trading fee rebate amount equals the net trading fee amount (excluding VIP and BNB discounts) you paid each day.
For example, user A activated a 500 USDT Trading Fee Rebate Voucher. On the first day, they generated a spot trading fee of 500 USDT. After deducting the VIP and BNB discounts, user A can receive a 400 USDT rebate on the following day. This means they need to pay 100 USDT in trading fees.
If user A was referred to Binance, their referrer would receive part of the trading fees user A generated as commission. For instance, if the referral commission is 20%, the referrer will receive 20 USDT. The remaining 80 USDT trading fee will be deducted from the Trading Fee Rebate Voucher balance. User A does not need to pay any trading fees.
The remaining balance of the Trading Fee Rebate Voucher will be 500 - 80 = 420 USDT. User A can use it to cover their trading fees before the voucher expires.
If the trading fees generated from eligible transactions exceed the voucher’s balance, you can only receive the balance amount as rebate.
For example, user A activated a 500 USDT Trading Fee Rebate Voucher for Spot trading last week, and the voucher balance is now 100 USDT. User A generated 300 USDT in Spot trading fees today, they could only receive the voucher balance (100 USDT) as trading fee rebate tomorrow.
If you activate multiple Trading Fee Rebate Vouchers or Platform Fee Rebate Vouchers for the same product at the same time, the vouchers will be used according to the redemption order.
For example, user A activated a 500 USDT Trading Fee Rebate Voucher (voucher A). The following day, user A activated another 1,000 USDT Trading Fee Rebate Voucher (voucher B).
User A generated a trading fee of 300 USDT. After deducting the trading fee rebate on the following day, the vouchers’ balances will be:
Voucher A: 500 - 300 = 200 USDT
Voucher B: 1,000 USDT
The next day, user A generated 800 USDT trading fees. After deducting the trading fee rebate on the following day, the vouchers’ balances will be:
Voucher A: 200 - 800 = -600 USDT as the balance is insufficient, the system will deduct 600 USDT from voucher B.
Voucher B: 1,000 - 600 = 400 USDT
Rebate usage and exceptions
You cannot use the Trading Fee Rebate Voucher to cover Futures delivery fees, liquidation fees, or trading fees below 0.00000001 USD.
The trading fee rebate reward expires after a certain period. Please refer to the expiry date on the individual voucher. You won’t be able to apply or use the voucher’s remaining balance in any way once it expires.
The Platform Fee Rebate Voucher is only applicable for trades on Binance NFT's secondary market.
For NFT Platform Fee Rebate Voucher, it is not eligible for third-party NFT listings on the Binance NFT Marketplace.
As per the Terms of Use and in compliance with local regulations, the Trading Fee Rebate Voucher and Platform Fee Rebate Voucher rewards may not be available in your region.
Trading Fee Rebate Vouchers cannot be used for the following trading bots: Auto invest, Futures TWAP, Spot TWAP, and Futures VP.
Spot Trading Fee Rebate Vouchers can be used for the following trading bots: Spot Grid, Rebalancing Bot, and Spot DCA. Please note that Futures Grid bot is not supported.
Futures Trading Fee Rebate Vouchers can be used for the Futures bot and Futures Grid bot only.
Illegally bulk-registered accounts or sub-accounts shall not be eligible to receive any rewards or rebates.
Disclaimer: In compliance with MiCA requirements, unauthorized stablecoins are subject to certain restrictions for EEA users. For more information, please click here.
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