BNB Reddit Mentions | ChartExchange

Hi guys, I'm Henry. I've been a futures and day trader for 6 years, and now a guy who got obsessed with fee optimization after a painful realization. (For all the fee optimizations you can ask me anything, like I can theorically possible to cut over 40+ currencies' fee down to Zero.)
Today I'm gonna talk about the tool I made, and want to here you guys' opinion on fee optimization please. I'll talk about the background of idea first, and what's the tool I made. **I'm not saying to use my thing. I want to know what might be the problem my tool have.** I ain't got no user so I couldn't figure it out.

**I am never saying or meaning that you must use my product/service. I recommend you to try all the free and clear methods of Fee Optimization inside the Exchanges and industry itself First.**
I really want to know you guys' idea.
# The Problem That Hit Me
I was paying more in monthly fees than my god damn balance. Like my balance was $2,000 bucks and I was paying $2,400+ solely on a trading fee.
For the price breakdown:
|Balance(Capital)|$2,000|
|:-|:-|
|Leverages Used|20x\~30x, assume 25x|
|Positions per Day|2|
|Exchange|Binance|
|Maker Taker Ratio|3:7|
|Total Volume Per Month|$5.7mill|
|**Fees**|**$2,460**|
I of course knew futures leverage is maxxing my volume, and so was vaugely estimating that that my fee might me high, but I didn't know it whould be even bigger than my trading capital.
I was making 5\~10% a month, but my fees were literally eating everything. I realized if I could just cut my fees monthly, I'd basically double my account from the savings alone. With a same strategy.
# My Fee Reduction Research (And Its Limits)
So I started exploring every possible methods, and the major optimizations could be by these two things.
1. Maker 100% strategy. Never using a Taker order.
\- This one is actually the most important thing i tell to everybody. As all you might know, this can just directly cutoff 20\~30% fees. But the problem is, there inevitable situations that we need Taker, and it is pretty commonly occuring on futures/daytrade.
2. Native Token Payout as a Fee
\- BNB, MX, BGB, GT.... There were a lots of Native Token Fee payment discounts, but I thought this is not the must go option. Cuz, basically this method make me to buy their native tokens first, so it makes my trading balance get smaller. Which can impact my compounded income. Also, I have to take the price volatility of their token, so every day's rate gonna change. So I don't actually prefer this one.
3. Find a exchange that offers super low fee
\- This one might be the best thing in the cost-efficiency pov. But, I understand that the lower the fee is, the high likely it is shady. For exmaple, for only the fee optimizations' view, MEXC would be the best best exchange of course. However, MEXC is not a best security and safe exchange to choose. You might consider Kraken for security, but their fee is abt 2.5 times higher than MEXC on futures, 8 times high on Spot.
Every solution had major limitations for someone like me.
So, I tried to find out any additional fee discounts or fee reductions. While researching fee discounts, I found these **promotional sign-up bonuses** \- "$100 fee credit if you use this link!" All might you know, the "Referrals".
Seemed legit, so I used someone's link. Got my $20 bonus and felt pretty good about it. And I think this will be the most case of you guys' purpose of using links or codes on registeration.
But then I got curious about, **"If the exchange is giving me $20, what's in it for the link owner?"**
# What's behind the link, and our fees
After digging deeper into how these sign-up systems work, I found out:
* We get: One-time $20 bonus
* Link owner gets: 20-85% of ALL my trading fees, forever.
Every single trade. Every fee I pay, they get a permanent income, no tryhard, no efforts, just getting it.
No wonder these links are plastered everywhere. My $2,400 monthly fees? Up to $2040 could be flowing to some random content creator.
Here's the point I came out with a solution.
# The Solution That Hit Me
I realized this fee money isn't vanishing or going all to the exchange, it's just going to the wrong people.
***What if traders could get that money back instead?***
That's when I built **Cryptopayback.io.**
# What I Built
The concept is super super simple: **I redistribute that fee-sharing money back to the actual traders** (currently fixed 85% of the whole commissions, not UP TO, it is FIXED. But, my ultimate plan is to make it AT LEAST 95%). So if I give you a example with the same number above,
|No links, naked register|Existing Link-Register|Cryptopayback|
|:-|:-|:-|
|Your Fees|$2,460|$2,460|
|Discounts / Coupons / Benefits|0|$20\~$100 One Time Benefit|
|Final Fee|$2,460|$2,300\~$2,400 Only One Time|
|Yearly Projection Fee|$29,520|$29,420\~$29,500|
|**APY Increase($2,000 Balance)**|0|$20\~100|
And actually this project is under a regulation of South Korean government, and does not store any of your security informations related with your crypto accounts wallets all the other things. And also it is of course free for everyone. No KYC needed.
# So now, my Question for You is
**Honest feedback needed:**
1. **Does this sound useful or am I solving a problem that doesn't exist?**
2. **What concerns would you have?**
3. **Any suggestions to make it better?**
I've spent 2 months from idea to build it, but I want to know if it's actually worth pursuing or if I should scrap it.
**Link:** [cryptopayback.io](http://cryptopayback.io) *(but mainly here for your thoughts, not clicks)*
P.S. You can use a calculator for your fee calculation on the website ! So use it if you want to know your fees.
P.S. If you got any kind of question related to crypto fees, you can ask me anytime on comment. I will make a super detailed route and plans for your fee optimization. Or you can check out my postings that mentions about the best way to manange fees via various currencies (40+ currencies are studied).
Thank you so much for reading this long posting, and hope all you have a nice trading life. Thanks!

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