#CryptoFees101 ๐ธ
Every trade has a cost.
Knowing your fees = saving money.
On Binance:
๐น Maker fee = you add liquidity (lower fee)
๐น Taker fee = you remove liquidity (higher fee)
๐น Use BNB for fee discounts
๐น VIP levels = lower rates with higher volume
Avoid surprise fees:
๐งพ Always check the fee preview before confirming a trade
๐ค Watch out for withdrawal fees โ especially with Layer 1 networks
Tip: Use zero-fee trading pairs when available (e.g., BTC/FDUSD).
Fees add up over time. Make them work in your favor.