#CryptoFees101

Do you make profits on every trade... but your balance keeps decreasing? Warning!

You may fall victim to the silent profit killer: cryptocurrency fees. Although they often go unnoticed, these fees can make the difference between a successful portfolio... and a losing one.

The most common types of fees:

Receiver/Maker 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, every token swap incurs liquidity fees.

Withdrawals: Every 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. It's a mistake that can be avoided.