#CryptoFees101 Fees in Cryptocurrency Trading
1️⃣ Types of Fees: Maker and Taker
🟢 Maker: Refers to limit orders that provide liquidity to the market, usually with lower fees.
🔴 Taker: These are the orders that consume liquidity and usually have higher fees.
2️⃣ Withdrawal Costs
💸 These fees can be fixed or vary depending on the network used (such as ERC-20 or BEP-20).
🌐 It is advisable to compare networks to select the most economical option.
3️⃣ Conversion Fees
🔄 When making swaps, there is a spread between the buy and sell prices.
⚖️ This cost may change depending on the exchange and the cryptocurrency pair you are trading.
4️⃣ Financing in Futures
⏳ In perpetual contracts, periodic payments are made.
📈 These payments depend on the difference between the market price and the corresponding index.
5️⃣ Hidden Fee (Slippage)
🎢 This is an additional cost that may arise during times of low liquidity or high volatility.
📉 It refers to the discrepancy between the price you expected and the price at which the trade is executed.
⚡ Tips to Minimize Costs
🐢 Whenever possible, use limit orders (Maker).
🔍 Compare the fees between different exchanges before trading.
🌉 Opt for economical networks for withdrawals, such as Polygon or BSC.
🌡️ Try to avoid trading during spikes in volatility.
🎁 Don't forget to take advantage of promotions and commission refund programs.
💧 Try to trade in pairs that have high liquidity.
🔢 Consider joining VIP programs if your trading volume is high.
💡 Interesting fact: Some exchanges refund part of the fees if you use their native token 🤑.
⚠️ IMPORTANT⚠️
📌 This content is a personal and subjective analysis of the Crypto Analyst; it should not be considered financial advice or a signal to trade.
💡 Remember that the cryptocurrency market is extremely volatile and unpredictable; always trade with caution and under your own responsibility.
