💸 Crypto Fees 101: Know Before You Trade!
When trading crypto, fees can quietly eat into your profits if you’re not careful. Let’s break down the main types:
🔹 Maker Fee – You pay this when you place an order that adds liquidity to the market (like a limit order).
🔹 Taker Fee – This applies when your order removes liquidity (like a market order).
🔹 Withdrawal Fee – Charged when you transfer crypto from an exchange to your wallet.
🔹 Gas Fees – For blockchain transactions, especially on Ethereum.
✅ Tips to Reduce Costs:
Use limit orders more often.
Choose exchanges with low-fee tiers or VIP discounts.
Time your trades during low network congestion.
Use BNB to pay fees on Binance for discounts!
Every bit saved = more profit!
