#CryptoFees101

Most Common Types of Fees:

Maker/Taker Fees: When receiving or providing liquidity. On the Binance platform, "makers" pay less.

Network Fees: Payments for validating transactions. On Ethereum, these can be very high during periods of congestion.

Swap Fees: In decentralized exchanges, each token swap includes liquidity fees.

Withdrawals: Each exchange charges a fee for withdrawing funds to an external wallet.

According to a report by The Block, traders who do not optimize their fees lose up to 12% of their annual returns. This is a mistake that can be avoided.