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#CryptoFees101 How to Save Money on Crypto Fees: A Complete Guide for Traders Crypto fees can silently drain your profits. From maker/taker fees to gas and withdrawals — here’s what you need to know and how to reduce costs smartly. Whether you’re buying Bitcoin or moving coins to a wallet — every action has a fee. The trick is not to avoid fees completely, but to understand and minimize them. What Are the Main Types of Crypto Fees? 1. Maker vs Taker Fees • Maker: You place a limit order that waits on the order book — you add liquidity. • Taker: You place a market order that gets filled instantly — you take liquidity. Taker fees are usually higher than maker fees. On Binance, it’s around 0.1% (less with BNB or VIP status). 2. Gas Fees These are paid to use blockchains like Ethereum. • Can vary wildly based on network congestion • Example: Swapping tokens on Ethereum may cost $20, while the same on BNB Chain might be $0.10 3. Withdrawal Fees Exchanges charge network-specific fees when you move crypto to an external wallet. • BTC has higher withdrawal fees • TRON (TRX) or MATIC are cheaper alternatives for transfers What Fees Do You Encounter Most Often? Trading fees (maker/taker) on spot and futures Gas fees while using DeFi or bridging Withdrawal fees for moving funds off-exchange Funding fees on perpetual futures (longs pay shorts or vice versa) How to Reduce or Avoid High Fees 1. Use Limit Orders Avoid taker fees by using limit orders wherever possible. 2. Trade with BNB on Binance Paying fees with BNB gives up to 25% discount instantly. 3. Choose the Right Chain Send funds via TRC20 or BEP20 instead of ETH to avoid heavy gas. 4. Batch Withdrawals Don’t withdraw every time you trade. Consolidate and withdraw once. 5. Monitor Funding Fees on Futures Check the funding rate before entering a futures trade — it can impact your PnL over time. Pro Tip: I treat fees like slippage — it’s part of every trade. But if you reduce them over 100 trades, it makes a huge difference in your overall returns. Small changes. Follow me
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$USDC 🔸 Can You Lose Money in Spot Trading Like in Futures? ❌ No Liquidation in Spot: You can’t be liquidated in spot because you fully own what you buy. ✅ But Yes, You Can Still Lose Money: If the asset’s price falls, your portfolio value goes down. For example, if you buy Bitcoin at $60,000 and it drops to $40,000, you lose 33% on paper. But unless you sell at a loss, the loss is unrealized. $USDC
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