What is Binance's fee rebate program?
Binance's fee rebate program refers to a way for users to receive a refund on trading fees at the Binance exchange through specific methods. These rebates are usually issued in the form of USDT, allowing users to offset part or all of their trading fees, thereby reducing trading costs.
What is Binance's fee rebate program?
How to open a fee rebate for a new Binance account?
OKX cryptocurrency trading platform, register with a dedicated link to enjoy a 20% lifetime fee rebate!
OKX registration: https://www.okx.com/join/BITCOIN369 (click the link to register)
Binance registration: https://www.binance.com/join?ref=BITCOIN369
Domestic registration installation package download: https://96927.cc/
For new users, the process of opening a fee rebate is relatively simple. Here are the detailed steps:
Click the Binance registration link to register for a rebate account at Binance. (If registering through the official website, entering the above rebate invitation code during registration can also obtain a fee rebate)
Enter your email address or phone number and complete the email verification or SMS verification.
Enter email
Email verification
Set a strong password that is easy to remember as prompted by Binance, click "Next," and your Binance account will be successfully created, binding the rebate relationship.
Register through the link above, and the trading fee rebate will be enabled by default.
After real-name verification, the trading fees incurred during transactions will be refunded to the corresponding account within 2 hours.
Set password
Successfully registered to obtain rebate
How to check if you have received the fee rebate?
It is not possible to directly check if you have received the fee rebate in Binance. The simplest way is to execute a trade in the spot or futures market. Below, I will take futures as an example:
- Open the Binance app, go to the futures trading page, open a position, and check the order history > fund flow to see the fees deducted for that position.
Futures fee - Wait for the fee rebate to arrive; Binance usually refunds it to the futures account within 2 hours. Return to the order history > fund flow to see that the rebate fee has been credited.
Note: If it is a spot trade, the rebated fees will be returned to the spot account in the form of USDC stablecoin. Futures trading will be refunded in USDT to the futures account.
Fee rebate credited
Are Binance trading fees expensive?
Binance and OKX trading platforms have relatively low fee rates among many cryptocurrency exchanges. However, for investors who trade frequently and want to save on fees, it is necessary to open a fee rebate account (Binance fee calculation). The fee rates for new Binance accounts are as follows:
Binance spot rate: Maker (limit order) and taker (market order) are both 0.1000%. If using the platform token BNB, you can offset 25% of the fees.
Binance futures rate: Maker (limit order) is 0.0200%, taker (market order) is 0.0500%. U-based contracts are consistent with coin-based contracts.
Binance options rate: Both maker and taker are 0.300%.
Binance exchange fee rates
Other common fees
Withdrawal Fee: Fixed by cryptocurrency, unrelated to rebates. Always check the specific fees for each cryptocurrency (such as BTC network fees, ETH gas fees fluctuations) on the official website before withdrawing.
Deposit Fee: Usually free on Binance.
Margin Interest: Calculated hourly/daily, with rates varying based on the underlying asset and tier.
Wealth management subscription/redemption fee: Most are free, but some structured products or specific activities may incur fees.
Binance fee rebate optimization strategies
Negotiate rebate rates: Actively negotiate with your referrer for a higher rebate share. The greater your trading potential, the stronger your negotiation position.
Persist in using BNB for payments: Enable the "Use BNB to pay fees" option, saving 25% on spot and 10% on futures, which is the easiest basic discount to obtain.
Increase fee tier: Increase trading volume (within a safe range) and hold a certain amount of BNB to lower the base rate, making the rebate base smaller.
Make good use of "Maker" orders: In spot and futures trading, try to place Maker orders (limit orders that do not execute immediately) to enjoy a lower base rate (futures Maker rates can be as low as 0.02% or even 0%).
Pay attention to official activities: Binance often promotes "0 fee" trading pair activities (such as certain BTC, ETH, BNB trading pairs) or rebate card activities, direct participation can significantly reduce costs.
Be strategic about withdrawals: Choose low-peak times for withdrawals (lower gas fees) or use cheaper networks (for example, when withdrawing USDT, choose TRC20 instead of ERC20).
Summary
Binance's fee rebate is an important tool for reducing trading costs. New accounts can obtain fee discounts by opening a rebate, thus saving expenses in daily trading. When participating in the rebate program, be sure to pay attention to rebate conditions, BNB price fluctuations, and activity timeliness to maximize the benefits. Every bit of capital retention is crucial. By following this guide to open a fee rebate, you have gained an advantage in controlling trading costs. By combining the use of BNB payments, increasing fee tiers, and making good use of Maker orders, new users can significantly lower their overall trading costs.