How outrageous are trading fees?

In the increasingly difficult environment of making money in Web3, more people are beginning to pay attention to trading fees, which were previously overlooked. Just how high are these fees? Let me calculate it for you.

Taking 10,000 USDT as an example: the spot trading fee is 0.1% per transaction, so the fee for a single trade is 10,000 * 0.1% = 10 USDT, and for buying and selling once each, it will be 20 USDT. Don't underestimate this. If you trade once every 3 days, you will have 120 trades a year, resulting in fees of 20 * 120 = 2,400 USDT, which is 24% of your principal. If you trade once a week, with 50 trades a year, the fees will still amount to 1,000 USDT, which is 10% of your principal.

If your principal is 100,000 USDT, you will lose 24,000 USDT just in fees over the course of a year, which means in two years you could have bought a Tesla.

What about contracts? The fees will only be higher. Opening a contract with 10x leverage on 10,000 USDT incurs a fee of principal * multiplier * rate = 100 USDT (Taker rate 0.05%). Contract trading will only become more frequent. If you trade once a day, in just 100 days, all your principal will be eaten away by the fees. This is also one of the reasons I do not recommend trading contracts; the fees are unbearable.

Based on your principal and trading frequency, you can roughly calculate how much of BN's one billion dollar profit in a year is contributed by you. The main fees are like a dull knife cutting meat, slowly eroding your principal without you even realizing it. Only when you break it down can you see how outrageous it is.

Realizing this, and as many people have recently asked me if I have any rebates, 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 it to you every month via UID, saving you one-third of the fees.

What operations can be done to receive cashback on fees?

——You only need to register a new account and complete identity verification. You can ask your family and trusted relatives. If everyone around you has already registered, you can find an old account that hasn't been traded for over half a year, and rebind the commission relationship through the invitation link. A 35% cashback will be settled once a month and transferred directly to you via UID.

Finally, do not think it's troublesome. This is a one-time effort. If you don't take this money, it will be taken by the exchange. It’s like buying insurance: if you buy from the insurance company, it costs 10,000 pounds, but if you buy from a familiar person, it also costs 10,000 pounds, but they can give you a 2,000-pound commission, which is free money for you. Those who activate the rebate can receive an extra paycheck every month, and it feels great.

Invitation code 845938263

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