#CryptoFees101
๐ธ Why Did I Lose Money on That Trade?! ๐ค
You might be ignoring one BIG factor: FEES.
๐ Here's what you need to know:
1๏ธโฃ Trading Fees โ Charged per buy/sell order (Maker/Taker).
2๏ธโฃ Network Fees โ Blockchain fees (especially high on Ethereum).
3๏ธโฃ Withdrawal Fees โ Taking funds off exchanges? That costs too.
4๏ธโฃ Slippage โ Hidden cost when market moves during your order.
๐ These small charges add up fast, especially for scalpers and frequent traders.
๐ก Pro Tips to Reduce Fees:
Use limit orders (lower fees).
Trade during low network congestion.
Choose fee-friendly platforms.
HODL more, trade less (sometimes).
Know your costs before you click that "Buy" or "Sell" button! โ
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