#CryptoFees101
Crypto trading isn’t just about buying low and selling high—fees can quietly eat into your profits. There are typically two main types: maker and taker fees. A maker adds liquidity to the order book (e.g., placing a limit order), while a taker removes liquidity (e.g., using a market order). Taker fees are usually higher. Different exchanges have different fee structures, so always check the fee schedule. Some platforms offer discounts if you use their native token (like BNB on Binance). Network fees, especially on chains like Ethereum, can also spike during periods of congestion. Always factor in these costs when calculating your real gains. Want to save on fees? Consider trading during low-volume hours or using Layer 2 solutions. Smart fee management is a small move that can lead to significant savings over time.
