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Binance Customer Service 1 808 481 5300 Binance Phone number

A bonus will be credited into your futures account once the Bonus Voucher is redeemed. You can check the distribution of the bonuses via Wallet > Futures Wallet

The bonuses can be used as collateral for futures trading. Any losses incurred during futures trading can be offset against the bonus amounts.

The bonus amount is withdrawable based on the total accumulated PNL incurred during futures trading, i.e. user can withdraw the balance (including bonus amount) when the total accumulated loss exceeds the bonus amount. (Please note: The bonus voucher of coin-margined contracts is categorized as different coins. For example, BTC bonus is only applies to BTC coin-margined contracts, it does not apply to the accumulated PNL incurred from trading of other coin-margined contracts such as ETH, BCH etc.)

Sub-accounts are not eligible for bonus voucher redemption.

The bonuses can only be used on the Binance Futures trading platform.

If no trades are made after receiving the bonus, Binance reserves the right to reclaim the bonus from the user’s account.

Binance reserves the right to cancel or amend the promotion rules at our sole discretion.

Risk warning: Futures trading is a highly risky endeavor, with the potential for both great profits and significant losses. Please be aware that in the event of extreme price movement, there is a chance that all margin balance in your futures wallet may be liquidated.

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ziggy28

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3y ago
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ziggy28

Lvl 3
3y ago

When you place an order that trades immediately, by filling partially or fully, before going on the order book, those trades will be "taker" trades.

Trades from Market orders are always Takers, as Market orders can never go on the order book. These trades are "taking" volume off of the order book, and therefore called the "taker."

Maker:

When you place an order that goes on the order book partially or fully such as a limit order, any subsequent trades coming from that order will be as a “maker.”

These orders add volume to the order book, helping to "make the market," and are therefore termed the "maker" for any subsequent trades.

How to calculate commission of Coin-margined futures contracts?

Commission fee = notional value x fee rate

Notional value = (number of contracts x contract size) / trade price

For example, VIP0 marker commission: 0.015%; taker commission: 0.040%

Buy 10 BTCUSD 0925 quarterly contract using Market order:

Notional value = (number of contracts x contract size) / opening price

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