#CryptoFees101 Crypto Fees 101: 3 Hidden Traps That Drain Your Profits
Understanding crypto fees is essential to protect your gains. First, Maker vs. Taker Fees—placing limit orders (as a maker) is cheaper than market orders (as a taker). On Binance, a $1,000 trade costs $1 vs. $1.50. Second, Gas Fees—Ethereum fees fluctuate wildly. Simple transfers can cost $2 to $80+, while complex DeFi moves may hit $200. Third, Withdrawal Fees—exchanges charge flat fees regardless of amount. Moving $200 BTC with a $25 fee wipes out 12%! Best to withdraw $500+ to make it worthwhile.
Bottom line: Be patient, plan ahead. Use limit orders, transact when gas is low, and withdraw in bulk to keep more of your profits.
#CryptoFees101 #THT_Crypto
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