What does commission rebate in the currency circle mean? What are the Binance Rebate Rules

Correction rebate is a reward mechanism provided by an exchange or broker, which returns a certain proportion of commission to the user based on the transaction amount. As the world's leading cryptocurrency exchange, Binance also provides a rebate program. The rebate ratio depends on the user's transaction volume and VIP level, up to 40%. Binance’s rebate rules include rebate calculation, currency, cycle and qualifications, and all users who trade on Binance are eligible for rebate. The rebate program is applicable to spot trading and not to contract trading, and Binance reserves the right to modify or terminate the rebate program.

What are the rebate platforms in the currency circle?

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Binance official app[adid] 7f39f8317fbdb1988ef4c628eba02591[/adid]

binance Binance official website entrance[adid]9f61408e3afb633e50cdf1b20de6f466[/adid]

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The meaning of coin circle rebateThe coin circle rebate refers to a reward mechanism provided by an exchange or broker to users. When a user conducts transactions through his platform, the platform will return a certain proportion of commission to the user based on the transaction amount. The purpose of rebate is to attract and retain users and increase the trading volume of the platform.

Binance Rebate Rules

Binance, as the world's leading cryptocurrency exchange, also offers a rebate program. Binance’s rebate rules mainly include the following aspects:

Rebate ratio:
• Binance’s rebate ratio depends on the user’s transaction volume and VIP level. You can enjoy a maximum of 40% rebate.
Rebate calculation:
• Rebate amount = transaction amount × rebate ratio.
Rebate currency:
• Rebate currency is generally the base currency in the trading pair, such as BTC, ETH, etc.
Rebate cycle:
• Binance rebate once a month, and the rebate amount will be distributed to the user's spot account on the 8th of each month.
Rebate Qualification:
• All users who trade on Binance are eligible for rebates.

Example of rebate rules

Suppose a user trades 100 BTC on Binance, his VIP level is VIP 5, and the rebate ratio is 25%. Then the rebate amount that the user can receive is:

Rebate amount = 100BTC × 25% = 25BTC

Precautions

Rebate Commission plans are only applicable to spot trading and not contract trading. The rebate of transactions made by users through sub-accounts will be included in the main account.

Binance reserves the right to modify or terminate the commission rebate program without prior notice.
• By providing a rebate program, Binance aims to attract and retain traders and increase trading activity on the platform.

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