【#Transaction Fee Revelation】The fees I spent in a year are more expensive than a plane ticket!
When I first started, I only paid attention to 'whether I was making money' and completely ignored 'fees'. It wasn't until I opened my transaction records that I realized I had spent over 4000 TWD just on trading fees and withdrawal fees in a year!
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📉 Common fees include:
1️⃣ Order Fee (Maker/Taker Fee)
✔ Maker is when you place an order and wait for someone to fill it, with a lower fee rate
❌ Taker is when you complete a transaction immediately, with a higher fee rate (often overlooked by beginners)
2️⃣ Withdrawal Fee
The fees can vary greatly between different cryptocurrencies, especially BTC/ETH, which can fluctuate with on-chain congestion!
3️⃣ Gas Fee (On-chain Miner Fee)
When trading on a DEX, don’t forget that Ethereum's Gwei can 'skyrocket', with fees reaching hundreds of TWD during peak times.
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💡 Here’s how I save on fees now:
✔ Use BNB to offset trading fees (Binance can save you up to 25%)
✔ Choose low-fee cryptocurrencies for withdrawals (like LTC, XRP) or switch to TRC-20 USDT
✔ Avoid trading during peak hours, and trade during low Gas times like late night/weekends
✔ Accumulate multiple assets before withdrawal to transfer in one go and reduce losses
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🎯 For those just starting out:
Don’t let fees eat up 80% of your profits! When trading, you should act like a 'careful boss', not an impulsive retail investor.
📣 Do you have any experiences of being 'cut by fees'? Feel free to share your painful lessons in the comments!
