How does rakeback work in the world of digital currencies?

3 answers

• Omid SarabadaniAug 21, 2023 · 2 years ago
  Rakeback in the world of digital currencies is a reward system that allows users to earn a percentage of the fees they pay on cryptocurrency exchanges. It works by giving back a portion of the fees to the users, usually in the form of the exchange's native token. This incentivizes users to trade more frequently and helps to build loyalty towards the exchange. Rakeback can be seen as a way for exchanges to give back to their users and encourage them to continue using their platform. It's a win-win situation for both the users and the exchange.
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• Ikrima Dinul QoyimahJul 22, 2020 · 5 years ago
  Rakeback is like a cashback program for digital currencies. When you trade on a cryptocurrency exchange, you pay fees for each transaction. Rakeback allows you to get a percentage of those fees back, which can add up over time. It's a great way to earn passive income while trading cryptocurrencies. Different exchanges have different rakeback programs, so it's important to do your research and choose an exchange that offers a good rakeback percentage. Some exchanges even offer additional benefits like discounted trading fees or exclusive access to certain features for users who participate in their rakeback program.
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• Neu-to-SQLAug 07, 2024 · 10 months 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 pay on the platform. This can be a great way to earn passive income while trading digital currencies. BYDFi's rakeback program is designed to reward loyal users and encourage them to continue trading on the platform. It's a win-win situation for both the users and BYDFi. If you're interested in earning rakeback on your trades, consider checking out BYDFi's platform and their rakeback program.
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