#CryptoFees101 Binance has various fees associated with using the platform, including trading fees, network fees, and withdrawal fees. Understanding these fees is crucial for optimizing your trading strategy and maximizing profits.
Trading Fees:
Maker/Taker Fees:
Binance offers both maker and taker fees. Maker orders, which add liquidity to the market, typically have lower fees than taker orders, which remove liquidity.
Network Fees (Gas Fees):
These fees are charged by the blockchain network to process transactions. They can fluctuate significantly, especially on networks like Ethereum.
Withdrawal Fees:
Binance charges a fee for withdrawing cryptocurrencies to external wallets.
How to Minimize Fees:
Use Limit Orders (Become a Maker):
Using limit orders can help you reduce trading fees as you're providing liquidity.
Consider Trading on Low-Fee Exchanges:
Some exchanges have lower fees than Binance, so it's worth comparing fees across different platforms.
Utilize Layer 2 Networks:
Layer 2 networks like Arbitrum can significantly reduce gas fees compared to the main blockchain.
Trade During Low Congestion Times:
Network congestion can lead to higher fees. Try to time your trades during periods of lower network activity.
Consider DEX Aggregators:
DeFi exchanges like Uniswap have swap fees, but aggregators can help you find the best rates.
Hold Exchange Tokens (e.g., BNB):
Binance and other exchanges offer discounts on fees for holding their native tokens.
You can feel the difference when building on @Aptos.
Low fees, lightning-fast finality, and a dev environment that actually makes sense, it’s the kind of setup that lets wallets, games, and DeFi apps grow without friction.
Aptos isn’t something you have to workaround. It’s built for builders, and that’s why adoption keeps rising.
How Loudio is becoming Silenceio and what the future holds.
Tomorrow, the first rewards will be distributed to the top 25 users, with profits ranging from $8,000 to $23,000. But is everything so positive?
I have been taking snapshots of fees every day since the listing to compile statistics on the dynamics of this indicator.
Almost all the activity occurred in the first 3 days, generating the bulk of the pool, but then the growth slowed down a lot to about 1% per day.
At the same time, it is noticeable how the number of mentions of @stayloudio on CT decreased, and new names started appearing in the leaderboard, proving that the competition has decreased.
What's going to happen next?
At this rate, volume will be dropping to very small values very soon, so maybe @0x_ultra has already come up with a new strategy and we're in for updates and new mechanics.
If not, the big KOLs will stop mentioning the project due to low profiles, and the small ones won't be able to generate enough popularity and loudio will organically end.