Do you find yourself making profits on every trade… but your balance keeps going down? ⚠️
You might be falling victim to the silent killer of profitability: crypto fees. These hidden charges can be the difference between a green portfolio and a red one.
🔍 Most Common Types of Fees:
💰 Taker/Maker Fees:
— When you take or provide liquidity. On Binance, makers usually pay lower fees.
🔗 Network Fees:
— Payments for validating transactions. On Ethereum, these can skyrocket during periods of congestion.
🔄 Swap Fees:
— In DEXs, every token swap comes with a liquidity fee.
💸 Withdrawal Fees:
— Exchanges charge for moving funds to an external wallet.
📊 Fact:
A report by The Block found that traders who don’t optimize their fees can lose up to 12% of their annual returns — a costly mistake you can avoid!
#CryptoFees101 — Stay vigilant and keep those profits green! 🌱
