These Trading Fee Rebate Voucher terms (hereafter, these “Voucher Terms)” are to be read together with, and are supplemental to, the Binance Terms of Use, as amended from time to time (hereafter, “Terms of Use”), and the provisions set out in the Terms of Use shall continue to apply.
These Voucher Terms are standard form terms which may be incorporated into promotions offered by any Relevant Binance Entity. A “Relevant Binance Entity” is defined as in relation to any Voucher or prize promotion, the Binance group entity identified as the provider of the underlying product or service in the applicable Product Terms or specific promotion terms. For a particular Voucher, these Voucher Terms are offered by, and form part of your agreement with, the Relevant Binance Entity.
By redeeming Vouchers and using the Voucher services (as defined below), you acknowledge and agree that you have read, understood and accepted all of the terms in these Voucher Terms and the Terms of Use, and you acknowledge and agree that you will be bound by and will comply with these Voucher Terms.
If you do not understand and accept these terms in their entirety, you must not access nor use the Voucher services.
All terms and references used in these Voucher Terms that are not defined herein shall have the meaning given to them in the Terms of Use. References in the Terms of Use to the “Binance Services” shall include references to the services contemplated hereunder. In the event of any conflict or inconsistency between these Voucher Terms and the Terms of Use, these Voucher Terms shall prevail with respect to the services contemplated hereunder, unless expressly stated otherwise.
1. The following terms apply to usage of the Trading Fee Rebate Voucher . See FAQs on Trading Fee Rebate Voucher for more information here: https://www.binance.com/en/support/faq/detail/850671e05bb74848bf8fc4466279dda8.
2. Once successfully redeemed, the Trading Fee Rebate Voucher will be activated. Following activation, the corresponding rebate with trade back applied is equal to the daily net trading fee (excluding referral commission) multiplied by the trade back percentage of the specific product. It will be distributed to the user’s Spot Wallet in USDT, USDC or BNB on the day following the user’s trade before 23:59:59 (UTC). The first rebate will only consist of the trading fees generated after the redemption of this voucher until 23:59:59 (UTC) of that day.
3. The maximum rebate amount per user equals the face value of the Trading Fee Rebate Voucher . The total amount will be deducted each day according to the trading fee rebate distribution until the depletion or the expiry of the Voucher. The trading fee of the eligible orders will be converted into corresponding assets such as USDT, USDC or BNB according to the real-time exchange rate of the corresponding orders, summed up, and distributed to the user’s Spot Wallet. Users acknowledge and agree that Binance shall not be liable for any loss in connection with the exchange rate applied. Please go to [Wallet] - [Transaction History] - [Distribution] or click [Detail] on the voucher for more information on the trading fee rebate distribution history.
4. The trading fee rebate amount distributed each day equals the total amount of net trading fees (excluding referral commission) users paid on the previous day after applying the VIP discount and BNB discount.
4.1 For example, User A activates a 500 USDT Trading Fee Rebate Voucher (100% trade back). On the first day, the system records a spot trading fee of $500. After applying VIP and BNB discounts, User A’s actual fee is $400. The next day, User A will receive a rebate of 400 USDT instead of the full 500 USDT, and the remaining balance can be used for future trades.
4.2 If, instead, User A activates a 500 USDT Trading Fee Rebate Voucher (50% trade back), on the first day, the system records the same spot trading fee of $500. After applying VIP and BNB discounts, User A’s actual fee is $400. The next day, User A will receive a rebate of 200 USDT. Since the rebate voucher offers a 50% trade back, the user can only get 50% of the rebates. The remaining 300 USDT can be used for future trades before expiry.
4.3 User A activates a 500 USDT Trading Fee Rebate Voucher (50% trade back) and was referred to Binance, the referrer would receive part of the trading fees User A generated as commission. User A paid 100 USDT on trades. And for instance, if the referral commission is 20%, the referrer will receive 20 USDT. The remaining trading fee will be 80 USDT. 40 USDT will be deducted from the Trading Fee Rebate Voucher balance, as this voucher offers a 50% trade back. The remaining balance of the Trading Fee Rebate Voucher will be 500 - 80×50% = 460 USDT. User A can use the remaining balance to cover their trading fees before the voucher expires.
5. Please note that the liquidation fee and delivery fee of Futures products are excluded from the trading fee rebate program. If the total amount of trading fees users paid on the previous day is less than 0.00000001 USD, it would be deemed ineligible for the purpose of the Trading Fee Rebate Voucher.
6. If the total amount of the corresponding trading fee of the eligible orders is greater than the remaining balance of the Trading Fee Rebate Voucher, users will only receive a trading fee rebate reflecting the remaining balance of the Trading Fee Rebate Voucher, with the trade back applied.
6.1 For example, User A activated a 100 USDT Trading Fee Rebate Voucher (50% trade back) for Spot trading last week, and the remaining voucher balance is now 40 USDT. Today, User A incurred 100 USDT in Spot trading fees, but can only receive a trading fee rebate up to the remaining voucher balance of 40 USDT tomorrow.
7. If a user activates multiple Trading Fee Rebate Vouchers for the same product at the same time, the vouchers will be used according to the redemption order.
7.1 For example, User A activated a 100 USDT (60% Trade Back) Trading Fee Rebate Voucher (Voucher A) and after User A activated another 80 USDT (40% Trade Back) Trading Fee Rebate Voucher (Voucher B).
7.2 User A generated a trading fee of 100 USDT. After deducting the trading fee rebate on the following day, the vouchers’ balances will be:
7.3 The next day, User A generated 200 USDT trading fees. After deducting the trading fee rebate on the following day, the vouchers’ balances will be:
8. The Trading Fee Rebate Voucher will expire after a certain period. Please refer to the expiry date on the voucher. Users will not be able to apply or use the remaining balance of the Trading Fee Rebate Voucher after expiry, and no replacement vouchers will be provided after expiry.
9. Trading Fee Rebate Vouchers can not be used for the following trading bots: Auto Invest, Futures Time-Weighted Average Price Algorithm (“TWAP”), Spot TWAP, and Futures Volume-Weighted Average Price Algorithm.
10. Trading Fee Rebate Vouchers can not be used for Alpha trades.
11. Spot Trading Fee Rebate Vouchers can be used for the following trading bots: Spot Grid, Rebalancing Bot, and Spot Dollar-Cost-Average. Please note that Futures Grid bot is not supported.
12. Futures Trading Fee Rebate Vouchers can be used for the Futures bot and Futures Grid bot only.
13. As per the Terms of Use and in compliance with local regulations, the Trading Fee Rebate Voucher rewards may not be available in your region.
14. If a user is identified in Binance’s sole discretion as risky or fraudulent at any time, they become ineligible for rebates, even if the voucher is activated. Binance reserves the right to terminate or revoke any Trading Fee Rebate Vouchers accordingly.
15. Binance reserves the right to the final interpretation of these Terms and Conditions.
16. The clauses relating to Notice of claim - Negotiation, then Arbitration; Agreement to arbitrate; Governing law; and Class action waiver of the Terms of Use shall apply to any disputes or claims relating to, arising out of or in connection with these Voucher Terms, including your assent to these Voucher Terms.
17. This document may have been translated and published in different languages. In the event of any inconsistency, misstatements, omissions, or errors appearing in any translated version, the English version shall prevail.
