Hey fam, what's up? I'm Qianyu Wing, a full-time blockchain knowledge blogger and a Binance newbie education ambassador. I'm well-versed in blockchain tech, theory, crypto trading (investment, spot, futures, options, on-chain level one), and market research. Let’s build a bridge to the blockchain world with tech! Join my daily live stream at 19:30 (covering knowledge sharing, teaching guidance, newbie onboarding, directional planning, experience sharing, and collaborative learning). I consistently deliver high-quality content, so feel free to drop a message if you want to chat or learn! Hit me up
Binance and Binance WEB3 Wallet Commission Rebate: A Detailed Guide
I recently discovered that someone is actually charging for helping people—are there really no more ways to cut the wheat anymore? This article explains the commission rebate rules in detail and how retail traders can do commission rebates. 1. What is a commission rebate? When you trade spot or contracts on an exchange, the exchange charges you trading fees. The exchange doesn’t keep all of that for itself; instead, it sets aside part of it as referral invitation rewards. That means if you invite someone, you can enjoy a portion of the trading fee cashback. This is what everyone constantly talks about: commission rebates. Why is commission rebate so popular? The main reason is that many friends who trade contracts like to open with high leverage. And the way exchanges calculate contract trading fees is based on the position after leverage. For example, if you open a position with $100 using 100x leverage, your position is $10,000. Roughly, if you open and close once, the fee is around $6—so without doing anything else, your $100 becomes about $94. At this point, if there is a commission rebate, you can save a significant amount of fees.