Pro Tips for Beginner Traders: How to Cut Down on Trading
Fees!
It’s surprising how many traders still miss this simple yet highly effective tip on Binance: you can reduce your trading fees by being strategic about the currencies you use. Many don’t realize that USDT comes with higher fees, but there are alternatives that can save you a significant amount.
Optimize Your Trades with Lower Fees
Here’s how to optimize your trading fees:
FDUSD (0% fees): This is your best bet for Maker mode. By using FDUSD, you can eliminate trading fees entirely, giving you a huge advantage.
BNB: Binance Coin (BNB) is another great option. To activate this, simply turn on the setting in your Binance account to use BNB for transactions. This helps lower your costs compared to USDT.
USDC: If you’re using Taker mode, consider switching to USDC instead of USDT, as the fees on USDC are generally lower than those on Tether.
Small Changes, Big Impact
By making these small adjustments to your trading strategy, you’ll be able to optimize your transactions and keep more of your profits. The key is being aware of the different fee structures across stablecoins, and using the best options available to you.
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