Now I will explain how to take advantage of this rise in $BTC , to make a daily profit of $350 from trading Bitcoin at a buy price of $98,000 and a sell price of $105,000, you need to understand the trading mechanism and how to deduct fees to determine the net profit.
$BTC How to Buy and Sell for Profit
1. Buy at the low price ($98,000)
At this price, buy an amount of Bitcoin equal to your capital. Let's say you will buy 0.05 BTC with $4,900.
0.1%, $4.9 is deducted from your capital.
After deducting the fees, you will get a slightly smaller amount of Bitcoin, about 0.04995 BTC.
2. Sell at the high price ($105,000)
Sell the amount you bought when the price reaches $105,000.
Total sale value: $5,247.75 (0.04995 BTC x $105,000).
Selling fee: 0.1% of the sale value is deducted, which is about $5.25.
3. Calculating the net profit
After deducting the purchase fee ($4.9) and the selling fee ($5.25), the net profit becomes about $339.85.
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How to reduce fees
Use BNB to pay fees: If you use the Binance platform, you can reduce the fees to 0.075% when paying with BNB.
Calculation after deduction:
The purchase fee becomes about $3,675.
The selling fee becomes about $3,935.
Net profit after reduced fees rises to $342.39