Trading in the cryptocurrency world, no matter which platform or trading mode, will incur fees, which both novices and veterans should understand

Because different exchange platforms charge different fees, the fees generated will also be different

How to calculate fees: position value × fee rate

Regardless of the size of the funds, as long as the transaction will generate fees, a fee refund is a good way to save money in an environment where it is difficult to make money

Maybe many users have no idea about fees, here is an example:

Trader Xiaoyu is optimistic about the future rise of Bitcoin, and plans to invest $10,000, but wants to reduce the risk, so he decided to invest in Bitcoin spot

Based on the world's largest exchange, Wei'an For example, the spot unilateral handling fee rate is 0.1%, and the handling fee rate for buying and selling transactions is 0.2%

The transaction fee is: 10000×0.002=20 dollars, which is about 150 yuan in RMB

Xiaoyu saw that the market was still rising, and wanted to take a little risk and play contracts with leverage. The contract handling fee rate of Wei'an is 0.02% for placing orders and 0.05% for taking orders

500 dollars of capital uses 100 times leverage (just for example, high leverage is not recommended ), the position value at this time is $50,000

Transaction fee is: 50,000×0.0002*2 or 50,000×0.0005*2=20 or 50, depending on whether it is a pending order or a taker

The above is just an example of an order. The transaction is long-term, and the accumulated transaction volume can calculate how much your fee is

Therefore, it is very necessary to have a fee refund

How to refund the exchange fee?

When registering for an exchange, there is usually a recommender to fill in. Filling in the invitation code can get a corresponding proportion of the fee refund

Before registering and filling in the invitation code, you must consult and understand the fee refund ratio, refund time, and how to refund, and check it later