#CryptoFees101

CryptoFees101

#CryptoFees101

Are you making profits on every trade... but your balance is constantly declining? Warning!

You may fall victim to the silent killer of profitability: cryptocurrency fees. Although they often go unnoticed, these fees can make the difference between a successful wallet... and a losing one.

The most common types of fees:

Maker/Taker Fees: When receiving or providing liquidity. On the Binance platform, "makers" pay less.

Network Fees: Payments for validating transactions. On the Ethereum platform, these can be very high during periods of congestion.

Swap Fees: On decentralized exchange (DEX) platforms, every token swap includes liquidity fees.

Withdrawals: Every trading platform charges fees for withdrawing funds to an external wallet.

According to a report by The Block, traders who do not optimize their fees lose up to 12% of their annual returns. This is a mistake that can be avoided.