What are the hidden factors that might drain your profits without you noticing?

Many traders focus on profit and ignore the fees that might stealthily eat into their gains. Here are the most notable ones:

1️⃣ Trading Fees

Every buy or sell transaction takes a small percentage, and with repetition, these fees accumulate.

2️⃣ Spread

Some platforms offer slightly different prices for buying and selling, and the difference goes as profit to the platform.

3️⃣ Withdrawal Fees

Transferring your coins from the platform to an external wallet may cost you a fixed amount or a certain percentage.

4️⃣ Hidden Fees in Some Blockchains

Some networks like Ethereum may impose high Gas fees during busy times.

5️⃣ Conversion Fees

Switching one currency to another (even within the same platform) may involve unclear direct fees.

6️⃣ Deposit Fees using Cards or Traditional Methods

Some methods like credit cards may involve high, undisclosed fees.

🎯 Golden Advice:

Always read the fee details on the platform you are using, and compare before making a decision!

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