#CryptoFees101

📚 #CryptoFees101: Understand the fees to trade smartly!

Did you know that understanding fees in the world of cryptocurrencies can make a big difference in your profits? 🤔 On the Binance platform, fees are calculated based on the type of order (maker or taker), the trading volume over the last 30 days, and the number of BNB coins you hold.

🔹 Maker Fees: Paid when you add an order to the order book.

🔹 Taker Fees: Paid when you fulfill an existing order in the market.

💡 Tip: Use BNB to pay fees and get an automatic discount!

Also, upgrading to VIP level on Binance gradually reduces your fees as your trading volume increases.

Fees may seem small, but they add up. Every trade counts! 🧮

Be a smart trader and follow the series #CryptoFees101 to understand more and manage your money effectively.

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