#CryptoFees101
Are you making a profit on every trade... but your balance keeps decreasing? Warning!
You might be a victim of the silent killer of profitability: crypto fees. Although often unseen, these fees can make the difference between a green portfolio... and a red one.
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 Fees: Every exchange charges fees for withdrawing funds to an external wallet.
According to a report by The Block, traders who do not optimize their fees can lose up to 12% of their annual returns. A mistake that can be avoided.