Discount Code For Trading Fees 2023
Binance is the largest crypto exchange in the world and they offer some of the lowest trading fees. To save on these charges, use a discount code when signing up.
By using our FTX referral code, you'll enjoy a generous 5% discount on trading fees for life! This is one of the most generous referral programs we've come across.
GMX
If you are a frequent visitor to GMX, then you may already know about its discount code for trading fees offered in exchange for visitors' email addresses. This is an excellent way for users to save money on transactions while simultaneously helping the exchange expand its audience.
GMX is a decentralized perpetual futures exchange operating on the Ethereum network. Its platform enables users to trade future contracts using various tokens such as Ethereum (ETH), Bitcoin (BTC), Chainlink (LINK), Uniswap (UNI), USD Coin (USDC), Tether (USDT), DAI (DAI), and FRAX (FRAX).
One of the standout features of GMX is its leveraged trading. It utilizes a large liquidity pool to lend funds that traders can then use to either "long" or "short" an underlying asset.
Leveraged trading can be an attractive option for small retail traders who want to wager on big bets, but it carries with it certain risks. However, with the right strategy in place, leveraged trading could potentially provide you with significant profits.
GMX stands out among other leveraged trading platforms by giving users access to a vast pool of assets, enabling them to borrow funds up to 30 times their deposit in Bitcoin, Ethereum, AVAX, UNI and LINK. This gives users the power to trade with confidence.
The GMX platform also has an automated liquidation mechanism that closes a trade when the user's collateral falls short of maintaining their position. This reduces the chance of temporary wicks - costly liquidations which may cost traders significant sums of money.
GMX also supports a GLP token, representing a basket of pool assets. This ensures the liquidity of the platform and grants holders 70% of its trading fees. Stakeable or blocked, this token may also qualify for rebates through the platform's affiliate program.
Due to GMX's liquidity guarantee, leveraged trading is available at an incredibly low fee scale. All fees - including trading fees, swap fees and variable borrowing costs - are deducted from the amount of collateral deposited at the beginning of each hour.
Binance
Binance is one of the premier crypto exchanges worldwide, offering an extensive selection of features that make it a great choice for traders. Furthermore, Binance boasts an excellent security reputation which makes it both secure to store and trade cryptocurrencies.
The exchange offers users various bonuses and incentives, such as a sign-up bonus and discount on trading fees. Furthermore, it supports several cryptocurrencies like Bitcoin and Ethereum.
To start trading cryptocurrencies with Binance, you'll need to register an account and deposit funds using either a credit card or other payment method. After that is completed, you can begin trading cryptocurrencies on the platform.
You can use a referral code to save on trading fees. But it's essential to remember that these discounts are only valid for a certain period of time, so be sure to take advantage of them before they expire.
Binance follows a volume-based pricing scheme similar to other exchanges. This means traders can benefit from lower trading fees if they execute an extensive number of trades.
Furthermore, the exchange uses a maker-taker model which rewards those who add liquidity to the market (makers) and charges more to those who reduce it (takers). While this may seem confusing at first glance, it's an equitable system designed to encourage traders to make trades on its platform.
Another way to reduce trading fees is by taking advantage of Binance's cashback voucher program. Cashback vouchers offer free BNB, which can be used as payment for trades on the exchange.
Binance offers cashback vouchers as well as a rewards program that rewards users for completing tasks and referring others to the exchange. For instance, you can earn $5 when someone refers $100 in deposits within 7 days.
To take advantage of this program, you must register an account with Binance and verify your email address. Afterward, you'll be sent an email containing a link to activate your account; this link allows setting up both password protection and two-factor authentication which protects against hackers. You may also decide to create a wallet to store funds safely which reduces the risk of them being stolen.
KuCoin
KuCoin is a cryptocurrency exchange platform with low trading fees and comprehensive trading tools. Plus, its world-class security measures and wide selection of coins make it the perfect choice for investors.
KuCoin's sign up process is straightforward and free, allowing you to open an account in minutes. After registering, you can begin purchasing and selling cryptocurrencies. Plus, its customer support team are responsive and helpful with 24-hour live chat and email available to answer any queries you might have.
KuCoin not only allows trading, but you can deposit and withdraw cryptocurrencies as well. The exchange offers various deposit and withdrawal methods such as PayPal, bank transfers, credit cards, and other third-party services.
KuCoin allows you to lend or borrow cryptocurrencies. You have the power to select which coin(s) to borrow, set its daily interest rate, or offer a loan for any amount of time desired.
Before you can begin using KuCoin, you must first register and verify your identity. You can do this either through the website or emailing kc.coin@gmail.com. Once submitted, you'll receive a verification code and password to complete registration.
Once registered and verified, you can start buying and selling cryptocurrencies on KuCoin. Additionally, it allows for depositing and withdrawing cryptocurrency from external wallets or exchanges.
KuCoin is an ideal starting point for crypto trading if you're new to this industry. It boasts some of the lowest trading fees in the industry and boasts an extensive selection of tokens. Furthermore, KuCoin has earned a reputation for offering tokens not widely available on other exchanges.
KuCoin not only allows you to trade cryptocurrency, but you can also earn extra money by lending and borrowing cryptocurrencies. You have access to 160 different cryptocurrencies and the flexibility to set your loan period (from 7 days up to 28 days) as well as the daily interest rate.
KuCoin is a crypto exchange that's increasingly popular on the market due to its competitive rates and user-friendly features. Signing up is straightforward, while customer support provides helpful assistance. Furthermore, KuCoin boasts an expansive selection of tokens, an excellent reputation for safeguarding user privacy and assets, as well as fast response times when answering queries.
FTX
FTX is a cryptocurrency exchange with an attractive referral program that gives users discounts on trading fees. This is an excellent way to save money while earning commissions from referrals you refer.
Unlike most promotional schemes on other crypto platforms, you don't have to deposit funds in order to receive rebates. This makes it a great option for beginner traders and newcomers in the industry.
The FTX referral program is one of the best in the crypto space. It offers an attractive referral code that pays out between 25%-40% commission on fees allocated to your referrals - making it a great opportunity to generate extra income with ease. Plus, using it couldn't be simpler!
Another way to save on FTX's trading fees is by signing up for their email newsletter. This will keep you informed of new deals and discounts as they become available. Plus, follow them on social media platforms and receive exclusive offers from time to time.
You might want to check FTX's website for holiday offers. These typically include discounts on specific products or categories, buy-one-get-one-free deals and other promotions that come during major holidays like Black Friday, Cyber Monday and Christmas.
Many online stores offer special sales during these days. FTX holds its own holiday sale on December 1. Additionally, FTX frequently runs discount codes for existing customers in addition to these seasonal sales.
Discount codes can be an excellent way to reduce crypto trading fees, but it's essential that you understand how they function before using them. Many of these codes have expiration dates so make sure you use them wisely.
The main disadvantage to these discounts is that they often come with exclusions. This means if you don't reside in the correct country, you won't be eligible to use them. Furthermore, certain requirements might need to be fulfilled to use them, like depositing a certain amount of money.