Binance is the largest cryptocurrency exchange in the world, maintaining the top position in global trading volume for many years.
In South Korea, the number of Binance users is also continuously growing, which fully demonstrates the high level of trust established by Binance as a trading platform.
The main reason investors prefer Binance over local exchanges is primarily due to contract trading.
At local exchanges, profits can usually only be made when prices rise; whereas at Binance, through contract trading, there are opportunities to gain even when the market falls.
In other words, regardless of market trends, investors can freely formulate trading strategies based on their own market judgments. Additionally, compared to local exchanges, Binance offers a wider variety of cryptocurrencies.
This allows users to choose assets that better align with their investment styles;
At the same time, since Binance is a global price discovery exchange, trading prices are also more objective and fair.
Leverage is one of Binance's core advantages.
Local exchanges primarily focus on spot trading, and earnings are usually proportional to the invested capital.
At Binance, through the leverage mechanism, investors can control larger positions with smaller amounts of capital.
Binance contract trading supports up to 125 times leverage.
However, excessive leverage can also rapidly amplify losses, so beginners are advised to keep leverage within 20 times.
If you want to register for Binance, you can do so through the link below.
The Travel Rule and fee structure that must be understood before registration
The Travel Rule is a regulatory requirement designed to prevent money laundering, which requires the clear identification of the identities of both the sender and receiver when transferring digital assets.
Therefore, when transferring between local exchanges and Binance, the names, pinyin, birth dates, and other information on both accounts must match exactly; otherwise, there may be delays or restrictions on withdrawals.
Binance contract trading fee is:
Maker: 0.02%
Taker: 0.05%
At first glance, the percentage doesn't seem high, but since contract trading usually uses leverage, the actual burden of fees will be significantly amplified.
Assuming each of your transactions incurs a fee of about 10 RMB:
Trade 3 times a day → 30 RMB per day
Approximately 30 days in a month → about 900 RMB in fees per month
If you trade long-term, these fees will accumulate over time. This is why the fee discount is not optional, but a necessity.
How important is the 20% fee discount on Binance?
Register using the Binance invitation link below to receive a lifetime 20% fee discount.
🎁 Register for Binance and enjoy a 20% trading fee discount 🎁
In the example above:
Monthly fee is about 900 RMB
Using a 20% discount → You can save about 180 RMB per month
Over the course of a year → You can save over 2,000 RMB
In the long run, whether or not to use the fee discount will have a very significant impact on your final earnings.
Therefore, it is strongly recommended to trade while the fee discount is in effect.
Complete Binance registration in 5 minutes
Click the link below that includes the fee discount to go directly to the registration page
Registration methods supported: Email registration (recommended), phone number registration
Due to the inconvenience that changing phone numbers may bring to logging in, it is recommended to register using an email.
Password requirements:
At least 8 characters
Must contain numbers
Must contain at least 1 uppercase letter
After completing the setup, the account registration is complete,
The 20% fee discount will also take effect automatically.
This is the explanation of the Binance registration process, fee structure, and the importance of discounts. Although it may seem complex at first glance, once the setup is complete, it will have a huge impact on your trading costs and earnings in the long run.
Be sure to register using the fee discount link, and manage leverage and risks wisely in trading to achieve safer and more sustainable trading.