Many new and old users on Binance may often hear the term rebate, but may not fully understand its specific meaning.
Below is a diagram explaining what a rebate in the crypto world actually means.
In fact, a rebate account is very necessary; it is unrelated to the size of funds or trading profits and losses. As long as there are trades, transaction fees will be incurred, and over a long period, the expenditure on these fees can be quite daunting.
Applying for a rebate in the crypto world is also very simple; you just need to register an exchange account and trade using a specific invitation link (invitation code).
Before this, you must consult and understand the rebate ratio, rebate time, and rebate cycle, and verify them.
Fee calculation method: Position size × Fee rate = Fee
Rebate calculation method: Fees incurred × Rebate ratio
