#CryptoFees101
๐ Have you ever wondered about the meaning of trading fees in cryptocurrencies? ๐ค
In the crypto world, fees play an important role in the profitability of every trade you make. With Binance, trading fees are among the lowest in the market, but it's important to understand how they work exactly! ๐
Take the example of the BTC/USDT pair, one of the most traded pairs today. When you sell or buy, a small fee is deducted from the transaction โ and it may vary depending on whether you are a "maker" or a "taker." What's the difference?
๐น Maker adds liquidity to the order
๐น Taker removes liquidity from the order
The larger your trading volume, the bigger discount you receive. And don't forget to use BNB to reduce your fees by up to 25%! ๐ธ
