#CryptoFees101 ๐ธ #CryptoFees101: Every Satoshi Counts
Not all fees are created equal. Whether you're trading, transferring, or withdrawing, hereโs what you need to know:
๐น Trading Fees
๐ Maker Fee โ You add liquidity (e.g. limit order)
๐ Taker Fee โ You take liquidity (e.g. market order)
๐ก Tip: Makers usually pay lower fees!
๐น Withdrawal Fees
Each coin has its own network fee. Sending $BTC costs more than $TRX or $XRP. Choose wisely!
๐น Gas Fees (on DEXs)
On Ethereum-based DEXs, gas fees can spike during high traffic.
๐ก Use Layer 2s like Arbitrum or BNB Smart Chain to save on gas.
๐น Hidden Cost = Slippage
Big orders can impact price. That price difference? Thatโs slippage โ and it hurts.
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๐ Pro Tip:
On Binance, hold BNB to get up to 25% off trading fees. ๐ช
๐ฌ Ever got surprised by a fee? Tell us your biggest fee mistake below ๐
#Binance #CryptoBasics #CryptoTrading #DYOR #SaveOnFees #BNB #CryptoTips
