💸 Do you really understand the types of fees in crypto transactions?
When participating in the cryptocurrency market, transaction fees are often overlooked but directly affect your profits.
🔹 Maker & Taker Fees: On CEX platforms like Binance, you will be charged fees based on whether you "place an order" (maker) or "match an existing order" (taker).
🔹 Gas Fees: On blockchains like Ethereum, you have to pay gas fees to execute transactions – when the network is congested, fees can skyrocket.
🔹 Withdrawal Fees: Each time you transfer coins to your personal wallet, be sure to check carefully as you could lose quite a bit if not optimized.
💡 Tip: Use blockchains with low fees (like BNB Chain), take advantage of fee discounts when using BNB or USDT as transaction fees.
Do you have any strategies to save on fees? Share with the community! 👇
