#CryptoFees101 #CryptoFees101 – What are the fees in crypto trading?
When you trade on Binance (buying and selling), a small fee is deducted. This fee is given in exchange for the service provided by the platform. 👇
🔍 Three main types of fees:
1️⃣ Trading Fee:
When you buy or sell a coin, Binance takes a small fee.
🔹 Generally: 0.1%
🔹 If you pay fees with BNB ➤ 25% discount! 🎉
2️⃣ Deposit Fee:
💰 No fee for depositing crypto on Binance! ✅
(However, there may be fees for Fiat deposits from a bank/e-wallet)
3️⃣ Withdrawal Fee:
🚪 When you send coins to another wallet, a network fee applies.
🔸 Fees vary for different coins (e.g., BTC, ETH, USDT)
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💡 Profit tips:
✅ Pay fees with BNB ➤ Get a discount
✅ Check fees before trading
✅ Use networks with lower fees (e.g., TRC20)
✅ More trading = lower fees ➤ VIP levels
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📊 Keep fees low, gain more profit!
If you have any questions, feel free to ask in the comments, I am here to explain in simple language. 💬
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