#CryptoFees101 Are you making a profit from every trade... but your balance keeps decreasing? Warning!
You could be a victim of the silent killer of profitability: crypto fees. Although often invisible, these fees can make the difference between a green portfolio... and a red one.
The most common types of fees:
Taker/Maker Fees: When you take or provide liquidity. On Binance, 'makers' pay less.
Network Fees: Payments for validating transactions. On Ethereum, these fees can be very high during congestion.
Exchange Fees: On DEX, every token swap involves liquidity fees.
Withdrawal Fees: Every exchange charges a fee 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. A mistake that can be avoided.