رامي فؤاد

What are the Tariffs in the world of cryptocurrencies? And how do they affect traders?
---
Introduction:
In the world of cryptocurrencies, the conversation is not limited to prices and technologies alone; there is an important element that directly affects your profits and losses: the fees or Tariffs. Whether you are a day trader or a long-term investor, you need to understand how these fees work.
---
What are Tariffs in cryptocurrencies?
In the traditional context, they mean customs duties, while in the crypto market, they refer to:

Trading Fees

Withdrawal and Deposit Fees

Network Fees

In-platform Transfer Fees
---
Common Types of Fees on Binance:

1. Maker and Taker Fees:

Maker: one who adds orders to the market

Taker: one who executes existing orders

The rates vary depending on trading volume and holding BNB.

2. Network Fees:

Paid when transferring currencies from one wallet to another outside Binance.

They vary depending on the network (Ethereum is more expensive than BSC, for example).
---
How to reduce fees?

Use BNB to pay for fees and get a discount.

Choose cheaper networks like BEP-20 instead of ERC-20 when withdrawing.

Watch out for promotional campaigns that offer free trading for certain pairs.
--
Are fees really important?
Yes, significantly!
Fees can eat up a large part of your profits if you trade frequently or in small amounts. Therefore, reducing them helps you maximize profit.
#الرسوم_الجمركية #الرسوم_المفروضة