How to Save Money on Crypto Fees: A Comprehensive Guide for Traders

Crypto fees can quietly drain your profits. From maker/taker fees to gas and withdrawals — here’s what you need to know and how to smartly reduce fees.

Whether you are buying Bitcoin or transferring coins to a wallet — every action has a cost.

The trick is not to avoid fees entirely, but to understand and minimize them.

What Are the Main Types of Crypto Fees?

1. Maker vs Taker Fees

• Maker: You place a limit order that waits on the order book — you add liquidity.

• Taker: You place a market order that is filled instantly — you take liquidity.

Taker fees are usually higher than maker fees. On Binance, it’s about 0.1% (less with BNB or VIP status).

2. Gas Fees

These are paid to use blockchains like Ethereum.

• Can vary wildly based on network congestion

• Example: Swapping tokens on Ethereum might cost $20, while the same on BNB Chain might be $0.10

3. Withdrawal Fees

Exchanges charge specific network fees when you move crypto to an external wallet.

• BTC has higher withdrawal fees

• TRON (TRX) or MATIC are cheaper alternatives for transfers

What Fees Do You Often Encounter?

Trading fees (maker/taker) on spot and futures

Gas fees when using DeFi or bridging

Funding fees on perpetual futures (longs pay shorts or vice versa)

How to Reduce or Avoid High Fees

1. Use Limit Orders

Avoid taker fees by using limit orders whenever possible.

2. Trade with BNB on Binance

Paying fees with BNB gives you an instant discount of up to 25%.

3. Choose the Right Chain

Send funds via TRC20 or BEP20 instead of ETH to avoid heavy gas fees.

4. Batch Withdrawals

Don’t withdraw every time you trade. Consolidate and withdraw once.

5. Monitor Funding Fees on Futures

Check funding rates before entering a futures trade.