Why is the handling fee high for contract trading? How to save money?
According to the calculation formula of handling fee: handling fee = position value × handling fee rate
We can deduce why the handling fee is high and how to save money:
1. Large position value
The position value far exceeds the principal, which means high leverage. For example, if you only have 100U and open 100 times leverage. After a complete transaction, the handling fee expenditure ranges from 4U-10U. Who wouldn’t find it expensive to pay a handling fee of 4% to 1/10 of the principal?
2. Limit price market price handling fee rate
If you are careful, you will find that the handling fee I calculated in the first item is 4U-10U. This is because I calculated it based on the handling fee rate of ordinary users’ limit price of 20,000 and market price of 50,000.
It can be clearly seen that the limit price handling fee expenditure is much lower than the market price handling fee expenditure.
So the second item is to use more limit price transactions in transactions.
Of course, other ways to save money can be derived according to the platform policy.
3. VIP level
This is to gradually reduce the transaction fee according to the user's VIP level. Of course, to reach the VIP level, there are certain requirements and trading volume. This method is useless for users without a certain amount of funds.
4. Hold BNB
This is applicable to all users. As long as you transfer enough BNB to pay the transaction fee to the trading account, you can enjoy the transaction fee rate discount.
5. Exchange rebate mechanism (saving money and making extra money)
This is also applicable to all users. Rebate is an incentive mechanism for new users on the platform. For users who make orders, a certain proportion of the fee will be returned.
How to get rebates?
Users can enjoy rebates by filling in the invitation code when registering an account.
Note: Different invitation codes, rebate ratios, rebate methods, and rebate times are different. Please choose carefully.
