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What’s the difference between a commission and a rebate?

Commissions are charged by Paxos and debited from the user account. Rebates are credits from Paxos to the user account.

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In what currency are commissions and rebates charged or credited?

Commissions and rebates are charged or credited in the quote currency.

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When do you credit rebates or debit commissions?

Rebates are credited and commissions are debited when the order is executed.

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When selling, do you need additional funds to cover the commission?

No. The commissions is subtracted from the proceeds of the sale.