When they see rewards offered by Binance activities, many beginners focus only on the reward amount and overlook the costs of completing the tasks.
Before joining an activity, it's a good idea to understand the following points.
Step 1: Check the activity participation requirements.
Some activities require advance registration, some require trading specific cryptocurrencies, and others specify valid trading volume, activity duration, or eligibility requirements.
Don't focus only on the reward figures on the promotional page; read the full activity rules carefully.
Step 2: Calculate trading fees.
If you repeatedly trade to meet the task requirements, you need to factor in the fees for buying and selling.
Actual costs depend on the trading pair, your account fee rate, and any discounts that may apply.
Step 3: Consider the risks of price fluctuations.
Even when fees are very low, market price changes can still result in losses.
Meeting the required trading volume does not guarantee that you will make a profit, nor does it guarantee that the reward you ultimately receive will exceed your trading costs.
Step 4: Check the reward distribution conditions.
Rewards for some promotions may be subject to limits on the number of participants, rankings, eligibility reviews, or other rules.
So, don't assume that simply completing the trades will guarantee you the highest advertised reward.
My advice: read the rules carefully, calculate the costs, and then decide whether to participate.
Don't make trades you hadn't planned just to claim a reward, and never borrow money or use funds needed for living expenses to generate trading volume.
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