#CryptoFees101
To understand crypto fees, focus on 3 main types:
🔹 Maker/Taker Fees:
The Maker adds liquidity with lower fees, while the Taker removes it and has higher fees. Use limit orders to reduce them.
🔹 Gas Fees:
Paid on networks like Ethereum. To reduce them, use cheaper networks like BNB Chain, and trade during quiet times.
🔹 Withdrawal Fees:
Vary by currency and network. Monitor fees before transferring, and choose low-cost networks.
💡 Tip:
Follow Binance offers to reduce trading fees, and use pairs like BTC/USDT with high liquidity.
Reduce fees, and increase your profits. Share your method with us! 💬
