What is exchange rebate?
In order to retain customers and provide them with a better experience while reducing transaction fees, the exchange launched the rebate incentive mechanism.
Rebate means: returning part of the transaction fees to achieve the purpose of reducing the fees. It is a real way to save money. It has nothing to do with profit or loss. As long as the transaction is completed, the fees will be returned. (This is true and can be believed, but many people have been deceived and did not get a rebate. This is because your superior did not return it to you.)
Which transactions will incur fees?
Spot (coin-to-coin) trading, contract trading
As shown in the figure above, the spot fee rate is 0.1%. This rate is a one-way fee rate. The combined fee for buying and selling is 0.2%.
Example: Buying $1,000 worth of Bitcoin costs $1 in fees, and selling it also costs $1 in fees, for a total of $2 in fees.
The contract fee rate is 0.02% for placing orders and 0.05% for taking orders. This rate is also a unilateral fee rate. The combined fee for opening and closing positions is 0.04% and 0.1% respectively.
The calculation method of the contract is a little different from that of the spot. Since there is a leverage in the contract, the handling fee is calculated by taking into account the position value after the leverage.
Example: $100, using 100x leverage, the position value is $10,000, the opening fee is $2-5, the closing fee is also $2-5, the total fee is $4-10
You may think that the handling fee is not much when you see this. The above is just an example of a single transaction. The transaction is long-term and the transaction volume is accumulated. Over time, the handling fee is still quite high, especially for contract transactions.
The above picture shows a trader's contract trading volume of 180 million US dollars in the past month. According to the fee rate mentioned above, the fee paid is 90,000 US dollars. This fee expenditure has nothing to do with profit or loss, and more than 20,000 US dollars can be returned.
Many traders may not have such high trading volume in the short term, but trading is long-term and they can save a lot in a year.
How to find stable rebates?
Users can enjoy commissions by filling in the invitation code when registering, but the proportions of different invitation codes are different in various aspects.
All aspects of BiBi are transparent and can be arranged.
Questions you should know before filling in the invitation code.
1. Refund ratio
2. Return method
3. Return time