🎈Many friends ask me why it's necessary to open a fee rebate. Let me explain why I suggest that everyone engaged in contracts must have a rebate.

First, when your position is profitable, the rebate is an additional income subsidy for you.

Second, when your position is at breakeven, the rebate itself is a source of profit.

Third, when you incur losses or even face liquidation, the rebate can at least help you recover some losses, rather than being completely drained by fees.

Many brothers think that with only a few hundred or a few thousand U, there is no need to open a rebate. This is because you overlook the true calculation method of fees. Binance contract fees are not calculated based on the principal amount, but based on the nominal position of the transaction.

🎈Here's the simplest example: if you use 1000U to open a 100x leverage, the actual nominal position is 100,000 U. If it's a market order, the fee is 0.05%. Opening fee: 100,000 × 0.05% = 50U; closing fee is similarly calculated: 100,000 × 0.05% = 50U. This means that for this order, the total fee for opening and closing is 100U, and you've already lost 10% in fees just by opening the position. This doesn't even account for the frequent entry and exit, and repeated stop losses.

Many people don't lose on direction, but before they even start trading, they are already bleeding slowly in fees. The rebate is not unnecessary; in a high leverage, high-frequency trading environment, it is the only certain thing that can help you reduce costs.

🔔In the end, everyone should not underestimate the rebate. You can save a few meals worth of money in a month at the least, and save tens of thousands or even over a hundred thousand at most. This money often becomes the confidence you need to turn things around when the market is not favorable.

❗️Use invitation code: CHUAN66, give me your ID after registration, and I will share my personal trading ideas, strategy directions, and related benefits. Rebate + service all in one. If you haven't opened a rebate yet, quickly contact me to open it. Registration link🔗: https://www.binance.com/join?ref=chuan666

📣Additionally, Binance now supports adding friends for chat, feel free to reach out to chat!

Especially for those of you who need rebates but haven't met me yet.

Steps to operate:

1. You can search in the Binance app homepage search box: Search 🔍 Chat Room -> Add Friend -> ID: Chuan666

2. Steps to join the Binance exclusive chat room: Click on my avatar -> Find the chat room in the personal center (as shown in the second picture) -> Click to join.