#CryptoFees101

Before you start trading cryptocurrencies, it's important to understand what transaction fees are and how they affect your profits. Every exchange, including Binance, charges commissions for trading – usually a fraction of a percent of the transaction value. For those who frequently buy and sell, even small fees can accumulate and significantly impact the final balance.

Binance allows you to reduce fees by using BNB to pay for them, which provides a discount. Additionally, it's worth paying attention to the differences between maker and taker fees – one relates to orders that add liquidity to the market, while the other pertains to those that take it away.

A conscious approach to fees allows for better risk management and optimization of trading strategies. I believe that every beginner investor should first understand the fee structure before making their first transaction.