| Binance Margin’s One-Hour Fee Waiver | |
|---|---|
| Eligible Pairs | USDC | BTC | BOME | DOGE | ETH | ENA | FET | FLOKI | NEAR | REZ | RNDR | SOL | SHIB | PEPE | WLD | WIF |
| Promotion Period | 2024-05-08 11:00 (UTC) to 2024-05-20 11:00 (UTC) |
With growing interest from users in the Binance margin trading platform, Binance has announced a new promotion aimed at increasing the profitability of its users: the Binance Margin’s One-Hour Fee Waiver. Borrowing cryptocurrency to increase position size exposes users to higher risk due to the volatility of crypto assets. Recognizing this, Binance has decided to offer its users more profits through this promotion. By waiving interest fees, margin traders now have the opportunity to potentially earn higher gains. Here’s how Binance is changing the profit equation:
Profit from Margin trading = Gains from position + Interest fees of one hour.
So, don’t let this limited-time opportunity pass by. Head over to Binance Margin for all your margin trading activities and leverage the platform’s security and depth of cryptocurrencies to benefit from this promotion.
Binance Margin’s One-Hour Fee Waiver
Margin trading entails utilizing funds supplied by a third party to carry out asset transactions. In contrast to standard trading accounts, margin trading accounts empower traders to gain access to increased funds and amplify their positions.
However, when funds are borrowed, users are required to pay interest on the borrowed amount, which is charged every hour once the amount is borrowed. With Binance Margin’s Dynamic Interest Rate System, interest rates fluctuate hourly to reflect current market conditions.With the Binance Margin’s One-Hour Fee Waiver, participants can avoid paying interest fees on eligible cryptocurrencies, leading to potentially higher profits.
Here are the key details you shouldn’t miss about this event:
Promotion Period: 2024-05-08 11:00 (UTC) to 2024-05-20 11:00 (UTC)
Eligible Pairs
The Binance Margin’s one-hour fee waiver promotion is only available for the following cryptocurrencies: USDC, BTC, BOME, DOGE, ETH, ENA, FET, FLOKI, NEAR, REZ, RNDR, SOL, SHIB, PEPE, WLD, and WIF. Participants entering the promotion and borrowing any of these cryptocurrencies will have their one-hour fees waived.
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Maximizing the Benefits of Binance Margin’s One-Hour Fee Waiver
Here is an overview of how the Binance Margin interest accrued is charged and with the current promotion how users can benefit using this offer for a limited time.
- In this scenario, let’s consider User A and User B, both of whom borrow 10 BTC each at 2024-05-08 11:20 (UTC). They both proceed to repay the borrowed amount on the same day, with User A repaying at 12:15 (UTC) and User B at 11:55 (UTC).
- Typically, interest on Binance Margin accrues at the beginning of each hour. Therefore, under normal circumstances (outside of the Promotion Period), User A and User B would be charged for two hours and one hour of interest, respectively.
- Given an hourly interest rate of 0.001% for borrowing BTC, User A would incur an interest of [0.001% * 10 BTC * (2 – 1) hours] = 0.0001 BTC. However, during the Promotion Period, users benefit from an automatic one-hour interest fee waiver.
- Contrastingly, User B completes repayment within the first hour of borrowing, resulting in no interest charged. The interest calculation for User B would be as follows: [0.001% * 10 BTC * (1 – 1) hours] = 0 BTC.
Terms and Conditions
- Kindly consult Margin Data for an up-to-date list of marginable assets and additional details regarding specific limits, collateral ratios, and rates.
- Inventory availability operates on a first-come, first-served basis. Binance cannot ensure continuous availability of inventory.
- Binance retains the authority to invalidate trades perceived as wash trades, illegal bulk account registrations, self-dealing, or displaying signs of market manipulation, among other criteria.
Experienced Crypto Trader? Don’t Miss Binance Margin’s One-Hour Fee Waiver
This Binance Margin’s One-Hour Fee Waiver promotion is a great chance for experienced margin traders to boost their returns. By waiving the first hour of interest on borrowing select cryptocurrencies, you can potentially increase your profits while mitigating some risk. Don’t miss out on this limited-time offer, if you’re an experienced margin trader looking to maximize your returns. Head over to Binance Margin and get started!
