How To Get Binance Futures 10% Commission Discount Code 2023?
Binance Futures is a highly popular crypto trading platform that has been gaining a significant amount of attention and popularity in the crypto community. It is known for its advanced trading tools, user-friendly interface, and low trading fees. One of the most exciting features of Binance Futures is the 10% commission discount code that is available to users.
To get the Binance Futures 10% commission discount code in 2023, there are a few steps that you will need to follow. The first step is to register for a Binance account. If you already have an account with Binance, you can skip this step and proceed to the next step. If you do not have an account with Binance, then you will need to sign up for one. You can do this by visiting their website and filling out the necessary information. Once you have created an account, the next step is to complete the verification process. This may involve submitting your ID and other personal information. Once your verification is complete, you can proceed to the next step.
The next step is to enroll in the Binance Futures referral program. This referral program offers a commission discount for both the referrer and the referee. To enroll in the referral program, you need to visit the Binance Futures website and click on the “Affiliate” button. You will then be prompted to enter your referral ID or link. If you do not have a referral ID or link, you can get one by visiting the Binance Futures website and clicking on the “Invite Friends” button. This will give you a unique referral ID or link that you can use to refer others to Binance Futures.
Once you have enrolled in the referral program, you need to invite others to Binance Futures using your referral ID or link. You can do this by sharing your referral ID or link on social media, email, or any other channels you prefer. When someone signs up using your referral ID or link and trades on Binance Futures, both you and the person you referred will receive a commission discount. The commission discount is 10% of the trading fees, which can add up quickly if you refer many people. Additionally, the commission discount is not limited in time, which means that you and the person you referred will continue to receive the discount as long as they continue to trade on Binance Futures.
Getting the Binance Futures 10% commission discount code in 2023 is easy if you follow these steps. Register for a Binance account, complete verification, enroll in the referral program, invite others using your referral ID or link, and receive the commission discount. With this highly detailed guide, you can get started on your journey to getting the Binance Futures 10% commission discount code today!
How Do You Save Commission On Binance?
Binance is a popular cryptocurrency exchange platform that charges a commission on transactions. As an investor or trader, saving commission goes a long way in increasing your profit margin. In this article, we will highlight practical ways that you can save commission on Binance.
Be Mindful of the Trading Volume
Trading volume refers to the number of cryptocurrencies traded on the Binance platform in the past 24 hours. The higher the trading volume, the lower the commission charged. If you are aiming to save your commission, it's advisable to wait for high trading volume periods before making trades.
Use the Binance Coin (BNB)
Binance Coin (BNB) is a utility token that Binance created. The coin is the equivalent of the currency used by banks to pay for services or goods. If you use BNB to pay for your transaction fees, you receive a 25% discount. The same applies to withdrawing cryptocurrencies from Binance. The good news is that buying BNB is an investment in itself since its value appreciates with time. Additionally, Binance allows you to use BNB not only to pay for trading fees but also in other investment ventures on the platform.
Trade During Off-Peak Hours
Off-peak hours are usually periods of low trading volume. Trading during these times attracts higher commission charges. However, most of the time, traders use the periods to make short-term and speculative trades, taking advantage of market volatility. If you prefer long-term trades, it's advisable to wait for peak periods.
Stake Your Cryptocurrencies on Binance
Staking is a process where investors hold coins in a digital wallet with the aim of getting some interest or other benefits. Binance offers stakeable cryptocurrencies, which means you can earn staking rewards by holding them in a digital Binance wallet. Since the rewards you receive from staking can offset the commission charges, staking your investment is one way to save commission charges.
Use Trading Bots
Trading bots are computer programs that trade cryptocurrencies based on pre-set parameters. Binance allows traders to use bots to perform trades automatically. What's great about trading bots is that they can help you save commission charges if designed to trade only during peak periods when the commission charged is lower.
Saving commission on Binance requires you to be strategic when making trades. Learn when to trade during peak and off-peak periods, invest in BNB, use bots, stake your cryptocurrencies, and most importantly, keep your trading volumes high. These simple tactics will go a long way in boosting your profit margin as an investor on Binance.
All Futures Trading Referral Codes
Binance Futures Referral Code 48162505
Gate. io Futures Referral Code 3372770
Huobi Futures Referral Code 9RTB4223
KuCoin Futures Referral Code QBSSS8MK
Mexc Futures Referral Code 14FB5
Okex Futures Referral Code 11162416
How to use Futures Referral Code? Step by step video:
How Much Commission Does Binance Futures Take?
Binance Futures is a popular platform for trading cryptocurrency futures, offering users the ability to trade a wide range of digital assets with leverage. As with any futures trading platform, Binance Futures charges a commission on trades, which can vary depending on a number of factors.
The commission rate for Binance Futures is based on a tiered system, with users paying a different commission rate depending on their trading volume over the previous 30-day period. The more you trade, the lower your commission rate will be. At the lowest volume tier, users can expect to pay a commission rate of 0.040% on each trade, or 0.020% for makers, those with limit orders. However, with high volume of trades, the commission rate can drop to as low as 0.020% for takers and 0.0% for makers.
It’s worth noting that these fees are paid on both sides of the trade, meaning that you’ll be charged a commission when you open a position and again when you close it, giving rise to the term “doubled up” fees, which users should take into account before placing a trade. In addition to the standard trading fees, Binance Futures also charges a funding rate every eight hours, similar to the concept of interest rates in traditional futures trading. This funding rate is calculated based on the difference between the current price of the cryptocurrency being traded and the price of a “funding index”, which is based on the average price of the asset over the previous eight hours.
The funding rate is calculated as follows: Funding Rate = (Interest Rate + Premium Index) X Position Value. Essentially, traders in a long position pay traders in a short position a funding fee, and vice versa. The funding rate can be positive or negative, depending on the market conditions, and can add or subtract from a trader’s profits or losses. When it comes to trading fees, the commission rates charged by Binance Futures are quite competitive in the industry. However, users should be mindful of additional fees that can be charged, including deposit and withdrawal fees, network transaction fees, and fees for certain trading features such as requesting to reduce opening positions for higher leverage, which can cost 0.03% per hour.
In conclusion, Binance Futures commission rates are based on trading volume and are quite competitive, ranging from 0.020% - 0.040%. In addition to these trading fees, Binance Futures also charges a funding rate every eight hours, which can add or subtract from a trader’s profits or losses. It is important to consider these fees, alongside all available features, before trading cryptocurrencies using the platform.
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