#CryptoFees101
Do you make profits on every trade… but your balance keeps going down? Alert!
You could be falling victim to the silent killer of profitability: crypto fees. Although they often go unnoticed, these charges can make the difference between a green portfolio… and a red one.
Most common types of fees:
Taker/Maker Fees: When you take or provide liquidity. On Binance, 'makers' pay less.
Network fees: Payments for validating transactions. In Ethereum, they can be extremely high during times of congestion.
Swap Fees: In DEX, each token swap involves a liquidity fee.
Withdrawals: Each exchange charges 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. A mistake that can be avoided.