#CryptoFees101

💬 Let's discuss costs in the crypto world!

Surely many have often heard the terms maker/taker fee, gas fee, and withdrawal fee — but what's the difference?

🔹 Maker fee

👉 The fee when you create an order that hasn't matched directly in the order book → helps liquidity. Usually lower.

🔹 Taker fee

👉 The fee when you immediately take an existing order → instant execution. Generally slightly more expensive than the maker fee.

🔹 Gas fee

👉 The transaction fee on the blockchain (Ethereum, BNB Smart Chain, etc.). This fee can fluctuate depending on network conditions.

🔹 Withdrawal fee

👉 The fee charged when you withdraw crypto assets to an external wallet.

💡 The type of fee I encounter most often?

→ Gas fee & withdrawal. Especially if you like to send between chains or to a personal wallet.

✅ Tips to reduce fees:

1️⃣ Choose a blockchain with low gas fees (e.g., BSC, Polygon, Solana)

2️⃣ Utilize the internal transfer feature on platforms like Binance → often without fees

3️⃣ Choose transaction times → Ethereum gas fees can be much cheaper when traffic is low

4️⃣ Pay attention to trading pairs — sometimes there are pairs with lower fees

5️⃣ Check promotions / VIP levels on the platform → the higher the level, the lower the trading fees

✨ A little strategy can save a lot in the long run!