#CryptoFees101 💸 Have you ever wondered why your profits are lacking despite the success of your trade? The reason may be trading fees!
In the world of cryptocurrencies, there are multiple types of fees:
– Trading Fees: This is what you pay when opening or closing a trade.
– Withdrawal Fees: Deducted when transferring currencies from the platform to the wallet.
– Network Fees: Paid by the user to complete transactions on the blockchain.
Some platforms differentiate between the market maker and the taker in determining fees.
Each platform like Binance or OKX has a different fee schedule based on trading volume.
Learn to calculate the fees in advance, especially in scalping, to maximize your trade benefits.
🔍 Know the details before every trade!
#crypto_fees101
