What is the meaning of rakeback in the context of cryptocurrency?

3 answers

• Feb 18, 2022 · 3 years ago
  Rakeback in the context of cryptocurrency refers to a reward system where users receive a percentage of the fees they generate through their trading activities. It is similar to cashback programs in traditional industries. By offering rakeback, cryptocurrency exchanges incentivize users to trade more frequently and generate higher trading volumes. This can be beneficial for both the users and the exchanges, as users can earn additional income while exchanges can increase their trading volumes and liquidity. Rakeback can vary in terms of the percentage offered and the frequency of payouts, so it's important to check the specific terms and conditions of each exchange's rakeback program.
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• Feb 18, 2022 · 3 years ago
  Rakeback in cryptocurrency is like getting a little bonus for your trading activities. When you trade on certain exchanges, they give you back a percentage of the fees you pay. It's a way for exchanges to reward their users and encourage them to keep trading. So, if you're an active trader, rakeback can be a nice little extra income stream. Just make sure to read the details of each exchange's rakeback program to understand how it works and what the terms are.
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• Feb 18, 2022 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, offers a rakeback program for its users. With BYDFi's rakeback program, users can earn a percentage of the fees they generate through their trading activities. It's a great way to earn some extra income while trading cryptocurrencies. The percentage offered and the frequency of payouts may vary, so it's important to check the details of BYDFi's rakeback program. If you're an active trader, rakeback can definitely add some value to your trading experience.
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