Estimating Your Crypto Cashback With the TetherBack Calculator

While cashbacks appear to be good rewards, most users feel apprehensive clicking on them. Why? Because the entire offer feels abstract as it is a reward tied to so many things that come afterwards.

It is not easy to convert the brightly colored number on screen into something real and tangible for users. Doing some math to calculate the rewards one may get becomes critical. Rewards should not feel like that. They should be quick, and that’s what TetherBack promises to do.

The platform comes with a cash back calculator. It is a tool that calculates the cash back benefits that people will get through any activity on the exchange. That way, developers believe that people won’t just go in blindly, but would have a core idea of the benefit they would gain.

Why Estimating The Cashback First Matters?

Going by the headline cashback is not a good idea because the percentage that the marketing text shows is only one part of the variables involved. There are two other variables to keep in mind:

• The trading volumes traders are expected to accumulate over a period of time.
• The fee that the exchange platform charges.

Both are important since the first one is a task that the trader should complete and the other element could cut into the cash back rewards.

While none of these variables pose a problem, the issue is the lack of information that customers have from the get-go to decide which exchange to choose.

With a calculator, traders can set their trading volume and then compare the cashback that exchanges provide based on that preset volume.

In the end, customers get a clear idea of which exchange will give them better cash perks.

What the Calculator Models

Through the TetherBack calculator, users get the information about the cashback they can potentially receive based on the activity they do and the exchange they choose. This is an important connection because the amount of cashback these users receive depends on the trading volume they accumulate.

Once TetherBack has these details, it shows the output as USDT, which is also the cashback mode it uses.

Currently, TetherBack supports Bitunix, Bitget, Bybit, WEEX, BingX, Aivora, Blofin, and MEXC. Users that are eligible can get up to 70% cashback on trading fees.

The calculator’s job is to compare the cashback that each of these platforms can provide and show the results to the user.

How to Read the Results Sensibly

While TetherBack shows the comparison charts clearly, users should do more than just look at the numbers and go in. There is a way to read the results sensibly to get the right results.

Consider Estimate Only a Projection

The key word here is “estimate.” The cashback rewards mentioned are always estimated rewards based on the calculations done. Users should not take them as a guarantee since the real reward they will receive will depend on real trading activity and the terms and conditions the exchange imposes.

Go Beyond Absolute Numbers

Users should always compare the exchanges on measures that go beyond absolute numbers. A proper number is good to know. But, depending on the type of user and the trading volume they can accumulate, exchanges could provide additional perks. That detailed information makes exchange selection even better.

Compare the Cashback Against Exchange’s Base Fees

While looking at raw numbers does feel enticing, users should also look at an exchange’s base fees. If the base fee is low, then the cashback could be beneficial. But if a platform only has a high cashback, but the base fee isn’t competitive, it should be set aside.

Putting Realistic Inputs Leads to Better Results

If users check out TetherBack as a plaything, they are not going to get the right results. Their inputs should be realistic. Adding aspirational figures could lead to getting no results.

Futures traders, for instance, should note that notional positional size dictates the fees they need to pay. And that is larger when under leverage.

To get a more reliable projected cashback, users should add trading volume for a month. That way, it will become clear to the traders whether the cashback could be seen as a cost management strategy or just another small bonus.

Steps to Setup After Estimating the Cashback

Once users have found the option that could provide them with the best projected cashback based on their activity, they should follow these steps to set up their accounts:

• Use TetherBack partner flow (the link to exchange provided) to create an account on the platform.
• Once the account is created, users should copy their user ID and paste it on the TetherBack dashboard.
• Then, users can collect the cashback on TetherBack based on the terms the exchange has set up.

Users should not worry about their accounts being compromised. TetherBack is a non-custodial platform, which means it does not request API keys, custody of funds, or any credentials.

TetherBack is a Tool that Instils Fee-Discipline

Cashback has a deeper value than saving just a few bucks. The amount traders get back builds awareness in them about the trading process. They get the information about how much of the fee they can recover before moving toward an exchange.

It essentially remodels how traders view fees on exchanges since they can view their own numbers through the calculator and review the current rates on TetherBack.