#CryptoFees101 Are you profiting from every trade... but your balance keeps decreasing? Warning!
You might be falling victim to 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 Fee: When you take or provide liquidity. On Binance, 'makers' pay less.
Network Fee: Payment for validating transactions. On Ethereum, these fees can be very high during congestion.
Exchange Fee: In DEX, every token swap involves liquidity fees.
Withdrawal: 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.