🌐 **#CryptoFees101 : Understanding Trading & Withdrawal Fees!**
Learn the basics of crypto fees:
1️⃣ **Trading Fees**:
- **Maker Fee**: When you add a new order to the order book (e.g., limit order).
- **Taker Fee**: When you execute an existing order (e.g., market order).
💡 *Pro Tip*: Save up to 25% by paying fees with **BNB**!
2️⃣ **Withdrawal Fees**:
Varies by coin (e.g., Bitcoin withdrawal fee ≈ 0.0005 BTC).
⚠️ Fees spike during network congestion – withdraw during low-traffic hours.
3️⃣ **Gas Fees (Ethereum/ERC-20)**:
Acts as "fuel" for smart contracts. High demand = Higher fees.
⏰ *Reduce costs*: Transact during low-activity periods (12 AM-5 AM UTC).
✅ **3 Simple Rules to Save Fees**:
- Set **BNB as default** for fee payments (instant discount!).
- Use **Binance Savings/Staking** (earn rewards → cover fees!).
- Manage risk with **OCO (One-Cancels-Other) orders**.
💬 Got questions? Ask below!
