Binance's contract trading platform attracts millions of users worldwide with its high liquidity, low latency, and a wide variety of trading pairs (such as BTC/USDT, ETH/USDT, etc.). Contract trading not only allows investors to amplify profits through leverage but also enables risk reduction through hedging strategies. By opening a contract account and participating in the rebate program, users can save on transaction fees and even convert trading costs into additional income. This guide will teach you step-by-step how to open a Binance contract account and deeply analyze how to effectively reduce trading costs through the rebate program.
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Binance (Binance) Contract Account Opening and Rebate Fee Teaching
Opening a Binance Contract Account Teaching
Basic Account Preparation
Register Account: Visit the Binance official website or download the official APP. If you are a new user, click "Register," fill in your email/phone number as required, set a strong password (a combination of letters, numbers, and special symbols), and complete the email/phone verification code authentication. Existing accounts can log in directly.
Basic Account Preparation
Account Authentication: This is a necessary prerequisite for opening contract trading. In "Personal Center" > "Identity Authentication," select the required level (usually requires completing "Intermediate" or "Advanced" authentication). Prepare clear photos of the front and back of your ID/passport, upload as prompted, and perform facial recognition. Authentication review usually takes a few hours.
Account Authentication
Open Contract Account
Access the Contract Trading Interface: After logging in, find "Trading" > "Contract Trading" in the top navigation bar. Upon first access, the system will prompt you to open a contract account.
Read and Agree to the Agreement: Carefully read the "Binance Contract Service Agreement" and "Risk Disclosure," fully understanding the high-risk characteristics of contract trading (including but not limited to severe price fluctuations, rapid losses due to leverage, forced liquidation, etc.). Check "I have read and agree" to the relevant agreements.
Complete Risk Assessment: The platform will require you to complete a risk tolerance assessment questionnaire. Please fill it out truthfully based on your actual situation, as this will help you understand whether contracts suit your risk preference.
Confirm Opening: After completing the above steps, click "Open Now" or a similar button. The system will prompt that the opening is successful, and your Binance contract account will be officially activated.
Open Contract Account
Binance Account Rebate Fee Teaching
- Register through a specific rebate link, or fill in the invitation code (XZLST5T9) when registering on the Binance official website to receive account fee rebates.
- If you registered directly on the official website, you can enter the exclusive code 174270213 when opening the contract account to also receive contract fee rebates.
Binance Account Rebate Fee Teaching
Binance Fee Rate Explanation
Before starting, please note that the Binance application has two modes: Easy and Professional. This article is based on the Professional mode. To set the Professional mode, please enter the Binance application. Click the Binance logo in the upper left corner, and at the bottom, you will see a banner that says "Binance Professional Version." After selecting it, you will become a Binance Professional user.
Binance Fee Rate Explanation
On the homepage, click the Binance icon in the upper left corner, click on your personal account, and then click on [VIP Privileges].
Click "Set BNB Discount," where you can set rate discount offers. At this point, you can activate three things to obtain fee discounts.
First is C2C, to trade cryptocurrency directly between buyers and sellers. You need to first access the Binance application. If you are already logged in, click [Trade] in the middle of the bottom of the screen, and at the top, you will see various options, select C2C.
At the top, it is set to "Quick Area," and there are two other options, "Favorite Area" allows you to select the cryptocurrency you want, and "Bulk Area" allows you to trade in large volumes.
If you want to change, click on the top [Quick Area], make your selection, and choose [I want to buy]. Since you need to have the coin you want to trade, click below on USDT to select the coin you want to purchase. Since USDT is commonly used, we will purchase USDT in this article. Enter any amount, and if you want to buy a specific amount of USDT, click "Buy by Amount." Choose your preferred matching conditions, payment methods, or historical transactions under matching conditions. Once completed, click [0 Fee Purchase].
At this point, a window will pop up showing a list of sellers that best match your desired transaction. Click on the seller you want to buy from, then click confirm purchase. Next, perform phone number verification, and then start payment. You can complete operations in the Favorite Area and Bulk Area in the same way.
Binance Fee Rebate Principle
Understanding the Rebate Principle
The fees for contract trading (Maker fee and Taker fee) will significantly increase with the accumulation of trading volume. Binance's rebate program allows you to return part of the fees to yourself or the inviter through inviting or being invited, effectively reducing costs. When User A registers on Binance using User B's invitation link or code and opens contract trading, Binance will take a portion of the contract trading fees generated by User A as a commission to return to the inviter User B. This is the basic rebate. The more powerful aspect is the multi-level rebate: if User B was invited by User C, then part of the fees generated by User A can be received by both User B and User C (the proportion is usually lower than direct rebates). The hierarchical structure can bring continuous income.
Binance Fee Rebate Principle
How to Open the Rebate Program?
As an invitee (enjoying rebates): This is the key to reducing your own fee costs!
Find the invitation link/code before registering or opening a contract: This is the most important step! Be sure to find a reliable invitation channel providing a dedicated rebate link or invitation code before registering a Binance account, or at least before opening contract trading for the first time. Common channels include trusted communities, KOL recommendations (be careful to discern authenticity), and friend sharing (if the friend is a rebate agent).
Register using the dedicated link/fill in the invitation code: Register a Binance account through this link, or accurately fill in the invitation code provided by the inviter during the registration process/account settings. Ensure that the relationship is established before opening contract trading.
Verify Binding Status: After registering and logging in, check in "Personal Center" -> "Referral Rebate" or a similar menu to see if your "Referrer" is correctly displayed as the agent who provided the link/code. Confirm that it is correct.
Subsequent transactions automatically rebate: When you conduct contract trading, a portion of the fees you pay (usually over 10%, depending on the proportion provided by the agent) will be automatically returned to your contract account's "fund wallet." You do not need to take additional action; just trade normally, and the rebates will be settled regularly (usually on an hourly basis).
The process of opening a Binance contract account is clear, and the key is to strictly complete KYC and security settings. To truly reduce costs and enhance potential profit margins in contract trading, it is crucial to register and bind through a high-proportion rebate link or invitation code (usually up to over 10%) before opening contracts. This is equivalent to securing a considerable "discount" for each of your transactions. This guide explains the complete path to opening a Binance contract account and utilizing rebates to reduce costs.