📌 How to close your trade with the lowest commissions? 🔥💰 – A practical guide for beginners!
After learning how to buy, expect the rise, and protect profits, it's time to know how to close the trade with the lowest possible commissions so you don't lose a significant part of your profits due to fees! 🚀👇
🔹 1. Use Limit Orders instead of Market Orders 🏷️
✅ Market Order = Immediate execution but with higher commission due to the changing market price.
✅ Limit Order = You can set the price you want to sell at, making you a market maker and paying a lower commission.
✔️ Example: If the price of BNB = $555 and you want to sell at $560, place a Limit Order at that price and wait for execution.
🔹 2. Avoid spot trading with leverage (Futures) when closing ⚠️
✅ When closing a Futures trade, use Reduce-Only to ensure you don't accidentally open a new position.
✅ Use Limit Close instead of Market Close to reduce fees.
✔️ Example: If you are in a Long position on ETH at $2500, place a Limit Sell order at $2600 instead of closing at market price.
🔹 3. Use stablecoin pairs instead of fiat currencies 💱
✅ The conversion between cryptocurrencies (USDT - BUSD - USDC) incurs lower fees than converting to dollars or euros.
✅ Some platforms offer 0% fees when trading between stablecoins.
🔹 4. Check commission discounts on Binance 🎯
✅ Use BNB to pay fees for a 25% discount.
✅ Check your VIP level; the higher your trading volume, the lower the commissions.
#MasterTheMarket
After learning how to buy, expect the rise, and protect profits, it's time to know how to close the trade with the lowest possible commissions so you don't lose a significant part of your profits due to fees! 🚀👇
🔹 1. Use Limit Orders instead of Market Orders 🏷️
✅ Market Order = Immediate execution but with higher commission due to the changing market price.
✅ Limit Order = You can set the price you want to sell at, making you a market maker and paying a lower commission.
✔️ Example: If the price of BNB = $555 and you want to sell at $560, place a Limit Order at that price and wait for execution.
🔹 2. Avoid spot trading with leverage (Futures) when closing ⚠️
✅ When closing a Futures trade, use Reduce-Only to ensure you don't accidentally open a new position.
✅ Use Limit Close instead of Market Close to reduce fees.
✔️ Example: If you are in a Long position on ETH at $2500, place a Limit Sell order at $2600 instead of closing at market price.
🔹 3. Use stablecoin pairs instead of fiat currencies 💱
✅ The conversion between cryptocurrencies (USDT - BUSD - USDC) incurs lower fees than converting to dollars or euros.
✅ Some platforms offer 0% fees when trading between stablecoins.
🔹 4. Check commission discounts on Binance 🎯
✅ Use BNB to pay fees for a 25% discount.
✅ Check your VIP level; the higher your trading volume, the lower the commissions.
#MasterTheMarket
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
94,666.78
+0.90%
BNB
600.43
-0.28%
XRP
2.182
-0.94%