The rebate on transaction fees has the following benefits: 1. Reduces trading costs, indirectly lowering the issue of slippage. 2. Passive additional income; you trade normally, and the fee rebate is an extra income. 3. Hope for a turnaround in a bear market.
So why are there still many people who do not open rebates, or even say they do not believe in them? 1. Some people register without understanding the community and directly register without filling in the invitation code. The platform considers this optional and will not actively mention it. Later, when they want to fill it in but do not know how to operate it, I need to provide assistance and clearly explain the process so they feel secure.
2. Another group has been deceived; they filled in the invitation code but did not receive a rebate, or the proportion of the rebate from their superior does not match what was initially stated. (These are all tactics used by scammers.) Because different invitation codes correspond to different superiors, the rebate proportions, methods, and timing vary. Contracts and spot trading are also separate.
3. The last group thinks their trading volume is small and not worth it. In fact, this is not the case; transaction fees accumulate over time and are a significant expense that should not be ignored. "Don't worry about the hassle"; once you look at the operation, it can be done quickly in five minutes.
AI is causing "intelligence" to experience an unprecedented inflation, where the marginal cost of generating answers approaches zero, and trust is a thousand times scarcer than intelligence.
The live performers mentioned by Mo actually reveal the future value points In a world filled with synthetic data, "Real people" themselves are a luxurious anti-counterfeiting mark.
If we were to change our perspective on education, Rather than just focusing on the efficiency of tool usage, it would be better to refine those "non-standard" skills that cannot be quantified by algorithms. Building deep connections and maintaining a clear skepticism are the real hard currencies that transcend cycles.
Never underestimate rebates. For example, if this brother asks me to provide a rebate, he can save over 6000u in transaction fees. Isn’t it nice to soak your feet in 6000u and get a massage? So, those who haven't set up a rebate yet can contact me. Let's save where we can and spend where we should. Finally, I wish my brother a prosperous journey.
Many people believe that after the appearance of quantum computers, Bitcoin's mining difficulty will collapse. In fact, this completely misses the point. Even with the emergence of quantum computers, mining remains relatively secure (just change the hashing algorithm), the real danger lies in your signature. Recently, the English community has been buzzing about Bitcoin Quantum, with a core focus on one thing: Shor's algorithm's dimensionality reduction impact on the ECDSA signature system. In simple terms, as long as your public key is exposed on the blockchain, in front of a quantum computer, your private key is equivalent to being written on your forehead. To understand how significant this threat is, I have compiled the 5 most critical viewpoints, especially the 3rd point regarding the ethical debate of 'destruction or theft', which is very fascinating:
Need a commission but can't find me. What should I do if I can't contact me? Use the method below, search for the chat room on the Binance app home page - enter the chat room - add friends in the upper right corner - search: 1035805319 to get in touch with me 🤝
The brothers trading contracts don't even realize the terrifying trading fees every time 😱, and they might look down on these fees, not knowing that frequent trading fees can also amount to a significant cost. Open -- Contract -- Today's Profit and Loss -- Funding Costs and Trading Fees. You can see your fees for the past year. 🤷
For high-frequency contract traders and those with large positions, Your fee expenditure exceeding your principal might only take a month. So you must open rebates; the fees you should get back need to be reclaimed. If you don't open for the fees, they all go to the market. The saved fees can buy your wife a new dress, buy your girlfriend a bag, enroll your kids in a few interest classes, and treat yourself to a few more spa days. Don’t you think it’s worth it? So you must open rebates; the fees also count as self-earned income. If you don't open for the fees, it’s just a waste.
The transaction fees account for a large proportion of expenses, so it is advisable to save wherever possible. I suggest everyone check their transaction fees for the past three months. The method is as follows: Click on the assets in the bottom right corner, then to the right of the overview there is a contract menu bar, click on contracts, and then click on the small arrow next to today's realized losses.
Binance Users Must Read: One-Click Activation of Trading Rebates, Automatically Save on Fees
As a Binance user, you may not know that you can receive a fee rebate on every transaction you make.
What is a rebate? In simple terms, it means that by using a specific page on the official Binance site, you can link your trading account to an "invitation ID." Once successfully linked, all your future transactions will have a portion of the fees you pay returned to your account. This significantly reduces our trading costs.
Core benefits: Directly lowers your trading costs, equivalent to enjoying a permanent fee discount. Funds allocation: Rebates are settled in real time and automatically credited to your spot wallet. If you haven't set it up yet, you can contact us anytime. If you've done it before and feel the previous rate was not good or not refunded, you can set it up again.
Definition A market that experiences sustained and/or significant growth is called a bull market. A market that experiences sustained and/or significant decline is called a bear market. Each has its opportunities and pitfalls. Regardless of the asset model, two ways of describing the market are often seen: bull market or bear market. In short, a bull market is an ascending market, while a bear market is a descending market. Because the market often fluctuates daily (even moment by moment), these two terms are typically applicable to: Significant upward or downward fluctuations over a long period (20% is a widely accepted figure)
Why should we open a fee rebate? 1. When your position is profitable, the rebate is another part of your earnings; 2. When your position remains the same, the rebate is your earnings; 3. When your position drops or is liquidated, the rebate can help recover and start over!
Many friends think that it's unnecessary to open an account with a few thousand dollars, but that's because you don't understand the calculation standard of fees. Fees are never calculated based on your principal, but rather based on the leveraged position.
For example, if you have 1000u and open 100x, the position for calculating fees would be 10w oil, and opening a position will definitely require closing it, so this trade incurs at least 20w oil in fees. Calculating with the lowest fee rate of 0.02%, the fee expenditure would be: 20W oil × 0.02% = 40 oil. This is just the fee for one trade; fees accumulate, and the expenditure won't be small.
In summary: Don't underestimate the rebate; every month you can save a few meals at Haidilao or save hundreds or thousands of oil. This money is our capital to make a comeback during tough times.
The market price transaction fee rate is 0.05%, and the limit order transaction fee rate is 0.02%. Position quantity × currency price = position value. Position value × transaction fee rate (0.05%) = transaction fee.
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Which master can tell me why the handling fee is so high and how it is calculated?
Why did you clearly make a profit, but in the end you lost money? You may have been tricked by this "hidden cost"...
Many friends who just entered the market have such confusion: the market judgment is correct, it shows a profit when closing the position, but the account balance is actually less. Where is the problem? The answer is often——transaction fees. 1. How important are transaction fees? Different exchanges have different fee rates, and even within the same platform, the fees for different trading modes can vary greatly. Take Binance as an example: Spot trading! Single-sided fee rate 0.1%, total fee rate for completing one buy and sell (one buy and one sell) is 0.2% Contract trading! Maker: 0.02% Taker: 0.05% The total fee rate for completing a transaction is between 0.04%–0.1%.
2. The "life and death line" under high leverage According to the formula: Position value × Fee rate = Transaction fee For example (risk warning: high leverage is extremely dangerous, please do not imitate lightly!): You use 900U to open 100x leverage and buy Bitcoin worth 90000U If it's purely limit order (Maker) trading: Opening fee 90000×0.02% = 18U Closing fee 90000×0.02% = 18U Total fee paid for one transaction is 36U If it's purely market order (Taker) trading: The total fee for opening and closing can reach as high as 90U
The conclusion is harsh: In the case of 100x leverage and purely limit order trading, your position must profit more than 4% to cover the fees and start making real money; if it’s market order trading, you need to profit more than 10%. This is why it seems profitable, but after deducting fees, you may end up with losses.
3. How to effectively reduce transaction fees? The good news is that exchanges actually provide a fee rebate mechanism (achieved through invitation codes), which is a policy introduced by the official to enhance user experience and reduce trading costs. Note!: When registering normally, you can fill in the invitation code, so that in all subsequent transactions, you can enjoy a certain proportion of fee rebates. $BTC #手续费