💸 Understanding Crypto Fees: What Are You Really Paying For?
#CryptoFees101 #BinanceTips #CryptoSmart $USDC
🔹 1. Maker vs Taker Fees
Maker: You add liquidity (e.g., limit orders) → usually lower fees.
Taker: You take liquidity (e.g., market orders) → typically higher fees.
🔹 2. Gas Fees
Paid on blockchains like Ethereum to process transactions.
Can spike during network congestion — plan your moves!
🔹 3. Withdrawal Fees
Charged when moving crypto out of the exchange. Varies by coin & network.
🧠 Which do you pay most?
Most users encounter taker fees and withdrawal fees the most often — especially when in a hurry or moving funds between wallets.
✅ Tips to Save on Fees:
• Use limit orders (be a Maker!)
• Trade during low network traffic
• Withdraw using low-fee networks like TRC-20
• Hold and use BNB on Binance to get 25% fee discount
Every satoshi saved is a satoshi earned. 😉