📚 #CryptoFees101 | Everything you need to know about trading fees in crypto!
Have you ever wondered how trading fees are calculated on platforms like #Binance? 🤔
Let me explain it simply 👇
🔹 Market Maker: When you place a buy or sell order that doesn't execute immediately (like pending orders), you're a "maker", and your fees are usually lower.
🔹 Market Taker: When you execute a buy/sell order immediately at the market price, you're a "taker", and your fees may be slightly higher.
🎯 Tips to reduce fees:
1. Use BNB to pay fees – you get an automatic discount! 💸
2. Increase your monthly trading volume – your fees decrease gradually. 📉
3. Choose times with less volatility to avoid price slippage.
✅ Remember: Small fees can add up and affect your profits in the long run, so be smart in your trading!
