Where do my money go? It's time to deal with the fees!
You bought $BTC for $100 — but only $99.65 arrived in your account. Where did the 35 cents go? Welcome to the world of cryptocurrency fees 😅
📌 Types of fees: — Trading Fee (spot/futures): usually from 0.01% to 0.1%
— Withdrawal Fee: depends on the network (for BTC — up to $5+)
— Slippage: the difference in price when executing an order
— Network fees: miners need to eat too 🍽️
🔍 Example with BTC/USDT on Binance: — Maker Fee: 0.01%
— Taker Fee: 0.02%
— BTC Withdrawal: fixed — $20)
— And if through the Lightning Network? 💡 Almost free!
⚠️ Life hacks: ✅ Use BNB to pay for fees — discount up to 25%
✅ Trade during low network congestion periods
✅ Set limit orders — they are cheaper
✅ Use Layer 2 or Lightning Network for BTC withdrawals
🎯 Conclusion:
Fees eat into profits, especially for beginners. Understanding the fee structure = the first step towards increasing income. Don’t pay more than necessary 😉
