#CryptoFees101 #CryptoFees101 #CryptoFees101
Fees in the world of crypto may seem simple, but they significantly affect your profits.
When using trading platforms like Binance or Coinbase, a fee is charged for every buy or sell transaction.
Fees are usually divided into two types:
🔹 Maker Fee (when placing an order that is pending execution)
🔹 Taker Fee (when executing an order directly from the order book)
These fees vary based on your monthly trading volume and the nature of your account.
In some cases, you may pay lower fees by using a token like BNB.
Tip: Monitor fees before trading, as every uncalculated transaction can cost you in the long run.
And don't forget that some wallets and networks.