#CryptoFees101 Are you profiting from every trade... but your balance keeps declining? Warning!
You could be a victim of the silent killer of profitability: crypto fees. Although often invisible, these fees can make the difference between a green portfolio... and red.
The most common types of fees:
Taker/Maker Fees: When you take or provide liquidity. On Binance, 'makers' pay less.
Network Fees: Payments to validate transactions. On Ethereum, these fees can be very high during congestion.
Swap Fees: On DEX, each 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.