Understanding crypto fees: What every trader should know 💸 #CryptoFees101

🔁 1. Trading fees

– Maker fee: when you place a limit order that enters the order book (you “make” the market).

– Taker fee: when you take an existing order (immediate execution).

💡 Tip: maker fees are often lower. Prefer limit orders.

💳 2. Deposit and withdrawal fees

– Deposit: often free in crypto.

– Withdrawal: depends on the blockchain used (e.g., more expensive on ERC20, cheaper on TRC20).

💡 Always check the “network fee” before withdrawing.

📊 3. Hidden fees (slippage, spreads)

– When volatility is high, the execution price may differ from the expected price.

💡 Use limit orders to avoid uncontrolled slippage.

🎯 4. How to reduce fees on Binance?

– Pay fees with BNB (immediate discount).

– Upgrade your VIP level based on your trading volume.

– Use trading vouchers (discount coupons redeemable with points).

🧠 Pro guide: Track your fees to assess the actual profitability of your trades. A good trader masters their fees as much as their gains.

💬 And you, what’s your tip for saving on fees?

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