#CryptoFees101

When I first got into crypto trading, I didn't pay much attention to fees—until I realized how much they were eating into my profits. Now, optimizing for fees is a core part of my trading strategy.

Here’s a breakdown of the different types of fees in crypto trading and some of the ways I manage them:

🧾 Types of Fees to Know

Trading Fees: Every time you make a trade on a centralized exchange like Binance, you pay a small percentage. The maker (adds liquidity) vs. taker (removes liquidity) structure means fees can differ depending on how your order is executed.

Withdrawal Fees: These are charged when you move funds off the platform—fees vary by token and network.

Gas Fees: Especially on decentralized platforms, network congestion can make transactions expensive, particularly on chains like Ethereum.

Funding Fees (for Futures): If you're into futures trading, you’ll notice these periodic fees that keep the contract price aligned with the spot market.

🧠 How I Reduce My Fees

Use BNB for Trading Fees: On Binance, I always enable the option to pay fees using BNB for a discount.

Climb the VIP Levels: The more you trade, the better your fee rate. I track my volume and aim for higher tiers when it makes sense.

Timing Matters: I try to avoid trading during peak times when slippage and gas fees (on DEXs) spike.

Choose the Right Network for Withdrawals: Whenever I move funds, I compare network fees. For example, BEP20 (Binance Smart Chain) is usually cheaper than ERC20.