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Trading Fee Rebate and Platform Fee Rebate Voucher Terms and Conditions

Trading Fee Rebate and Platform Fee Rebate Voucher Terms and Conditions

2020-08-31 04:48
  • The following terms and conditions apply to the Trading Fee Rebate Voucher and Platform Fee Rebate Voucher respectively.
  • Once successfully redeemed, the Trading Fee Rebate Voucher or Platform Fee Rebate Voucher will be activated. Following activation, the corresponding rebate is equal to the daily net trading or platform fee (excluding referral commission) of the specific product. It will be distributed to the user’s Spot Wallet in USDT on the day following the user’s trade before 23:59:59 (UTC). The first rebate will only consist of the trading or platform fees generated after the redemption of this voucher until 23:59:59 (UTC) of that day;
  • The maximum rebate amount per user equals the face value of the Trading Fee Rebate Voucher or Platform Fee Rebate Voucher. The total amount will be deducted each day according to the trading or platform fee rebate distribution until the depletion or the expiry of the voucher. The trading or platform fee of the eligible orders will be converted into USDT according to the real-time exchange rate of the corresponding orders, summed up, and distributed to the user’s Spot Wallet. Users acknowledge and agree that Binance shall not be liable for any loss in connection with the exchange rate applied. Please go to [Wallet] - [Transaction History] - [Distribution] or click [Detail] on the voucher for more information on the trading or platform fee rebate distribution history;
  • The trading or platform fee rebate amount distributed each day equals the total amount of net trading or platform fees (excluding referral commission) users paid on the previous day after applying the VIP discount and BNB discount.
    • For example, User A incurred 500 USDT in spot trading fees on the previous day. After deducting the VIP discount and BNB discount, he received a total of 400 USDT. This means that User A is required to pay 100 USDT in spot trading fees. If User A has a referral relationship, a portion of the spot trading fees will be used to cover the referral commission paid to User A’s referrer. For example, if the referral commission is 20 USDT, 20 USDT will be paid first to the referrer. If User A activated a Spot Trading Fee Rebate Voucher with a balance of 500 USDT, 80 USDT would be deducted from the voucher, leaving a remaining balance of 420 USDT to be utilized until the voucher expires.
  • Please note that the liquidation fee and delivery fee of Futures products are excluded from the trading fee rebate program. If the total amount of trading fees users paid on the previous day is less than 0.00000001 USDT, it would be deemed ineligible for the purpose of the Trading Fee Rebate Voucher.
  • If the total amount of the corresponding trading fee of the eligible orders is greater than the remaining balance of the Trading Fee Rebate Voucher, users will only receive a trading fee rebate reflecting the remaining balance of the Trading Fee Rebate Voucher.
    • For example, User A activated a Spot Trading Fee Rebate Voucher with a face value of 500 USDT and a remaining balance of 100 USDT. Should User A accumulate another 300 USDT in trading fees for spot trading today, he will only receive the remaining balance of the voucher (100 USDT) as a trading fee rebate.
  • If a user activates multiple Trading Fee Rebate Vouchers or Platform Fee Rebate Vouchers for the same product at the same time, the vouchers will be used according to the redemption order.
    • For example, User A activated a 500 USDT Platform Fee Rebate Voucher (Voucher A), then activated another 1,000 USDT Platform Fee Rebate Voucher (Voucher B).
    • If User A pays 300 USDT in platform fees for NFT trading today, the platform fee rebate balance for these vouchers after the distribution will be:
      • Voucher A: 200 USDT
      • Voucher B: 1,000 USDT
    • If User A pays 800 USDT in total in platform fees for NFT trading today, the platform fee rebate balance for these vouchers after the distribution will be:
      • Voucher A: 0 USDT
      • Voucher B: 400 USDT
  • The Trading Fee Rebate Voucher and Platform Fee Rebate Voucher will expire after a certain period. Please refer to the expiry date on the respective vouchers. Users will not be able to apply or use the remaining balance of the Trading Fee Rebate Voucher or Platform Fee Rebate Voucher after expiry;
  • The Platform Fee Rebate Voucher is only applicable for trades on Binance NFT's secondary market.
  • The Platform Fee Rebate voucher is not eligible for third-party NFT listings on the Binance NFT Marketplace.
  • Trading Fee Rebate Vouchers can not be used for the following trading bots: Auto Invest, Futures TWAP, Spot TWAP, and Futures VP.
  • Spot Trading Fee Rebate Vouchers can be used for the following trading bots: Spot Grid, Rebalancing Bot, and Spot DCA. Please note that Futures Grid bot is not supported.
  • Futures Trading Fee Rebate Vouchers can be used for the Futures bot and Futures Grid bot only.
  • As per the Terms of Use and in compliance with local regulations, the Trading Fee Rebate Voucher and Platform Fee Rebate Voucher rewards may not be available in your region.
  • Binance reserves the right to the final interpretation of the Terms and Conditions.
Risk warning: Futures trading is a highly risky endeavor, with the potential for both great profits and significant losses. Please be aware that in the event of extreme price movement, there is a chance that all margin balances in your Futures Wallet may be liquidated. You acknowledge and agree that you shall assume all risks related to any and all of your trading activities and that Binance shall not be liable for any such risks or adverse outcomes.
In order to comply with local regulations, certain features may not be available in your region.