#CryptoFees101 📊
What are crypto fees and how to reduce them?
💸 Fees are a part of every crypto transaction — understanding them can save you money!
🔎 1. Types of Fees:
👉 Trading Fee — charged when buying/selling crypto on an exchange (e.g., Binance: from 0.1%, lower with BNB).
👉 Network Fees — payments to miners/validators (varies by network: Ethereum, BNB Chain, etc.).
👉 Withdrawal Fee — a fixed fee for transferring assets to an external wallet.
🔀 2. Maker vs Taker:
✅ Maker — adds liquidity (lower fee).
✅ Taker — executes an existing order (often higher fee).
💡 3. How to reduce costs?
🔻 Pay fees in BNB = -25% discount
🕒 Trade during low-activity hours = lower network fees.
🚀 Use Layer 2 solutions (e.g., #Arbitrum, #Optimism) for withdrawals.
⚠️ Bonus tip:
Watch out for futures contracts funding rates — they can eat up your entire deposit if you’re not careful!