#CryptoFees101
📚 Crypto Fees 101: What Every Trader Should Know 💸
Trading crypto isn't free—and understanding fees can save you a lot of money. Here’s a quick breakdown:
🔹 1. Spot Trading Fees
Maker Fee: You add liquidity (e.g., limit orders). 🧊 Lower fee.
Taker Fee: You take liquidity (e.g., market orders). 🔥 Higher fee.
On Binance: Starts at 0.1%, lower with BNB or VIP level.
🔹 2. Futures Fees
Typically lower than spot.
Maker: ~0.02% | Taker: ~0.04%
Bonus: 10% fee discount if you use BNB!
🔹 3. Withdrawal Fees
Vary by coin & network. BTC, ETH, USDT all differ.
Example: USDT-ERC20 vs. USDT-TRC20—huge difference! ⚠️
🔹 4. Hidden Costs
Slippage (price changes while trading)
Network Congestion (higher gas fees during peak hours)
💡 Pro Tips: ✅ Use limit orders to pay lower fees.
✅ Use BNB to pay trading fees at a discount.
✅ Choose low-fee networks for withdrawals (e.g., TRC20, BEP20).
🧠 Understanding fees = maximizing profit.
🔁 Share this with your trading squad!