#CryptoFees101

1. Use the Right Blockchain for Transfers

• Sending USDT on Tron (TRC20) or BEP20 is much cheaper than ERC20.

• Example:

• USDT ERC20 fee: ~$10+

• USDT TRC20 fee: ~$0.10

• USDT BEP20 fee: ~$0.05

• Always check what network your exchange or wallet supports.

2. Trade with Fee Discounts

• On Binance, pay trading fees with BNB to get a 10–25% discount.

• Use fee tiers: the more you trade or hold BNB, the lower your maker/taker fees.

3. Use DEX Aggregators

• On-chain swaps can be costly. Tools like 1inch and Matcha find the best prices and gas fees across multiple decentralized exchanges.

• Some even let you set gas limits or use Layer 2 options.

4. Time Transactions During Low Network Congestion

• Fees spike when networks are busy.

• Check sites like Ethereum Gas Station or BSC Scan Gas Tracker.

• Ideal times: early mornings UTC or weekends.

5. Leverage Layer 2 Solutions

• Use Layer 2 scaling networks:

• Arbitrum, Optimism, zkSync, Polygon for Ethereum-based assets.

• Drastically cheaper and faster than Ethereum mainnet.

6. Batch Transactions

• Some wallets and apps let you send multiple transactions at once, reducing the total fees.

• Great for airdrops, multiple payments, or bulk staking.

7. Optimize Mining Fees

• Set your mining pool payout threshold higher to avoid frequent small withdrawals.

• Choose FPPS pools (like Binance Pool) for predictable earnings and merged mining bonuses (like your ELA rewards).

8. Avoid Unnecessary Swaps

• Every swap or bridge often incurs extra fees.

• Plan your token movements in advance to minimize conversions.

9. Watch for Zero-Fee Promotions

• Some exchanges run zero-fee trading on select pairs or during events.

Example: Binance occasionally has zero fees on BTC/USDT or ETH/USDT pairs.

10. Use Decentralized Stablecoins for Yield

• Avoid hefty withdrawal or staking fees with decentralized stables like DAI or LUSD that often have lower network costs.