#CryptoFees101
đ Crypto Fees 101: What Every Trader Should Know đž
Trading crypto isn't freeâand understanding fees can save you a lot of money. Hereâs a quick breakdown:
đč 1. Spot Trading Fees
Maker Fee: You add liquidity (e.g., limit orders). đ§ Lower fee.
Taker Fee: You take liquidity (e.g., market orders). đ„ Higher fee.
On Binance: Starts at 0.1%, lower with BNB or VIP level.
đč 2. Futures Fees
Typically lower than spot.
Maker: ~0.02% | Taker: ~0.04%
Bonus: 10% fee discount if you use BNB!
đč 3. Withdrawal Fees
Vary by coin & network. BTC, ETH, USDT all differ.
Example: USDT-ERC20 vs. USDT-TRC20âhuge difference! â ïž
đč 4. Hidden Costs
Slippage (price changes while trading)
Network Congestion (higher gas fees during peak hours)
đĄ Pro Tips: â Use limit orders to pay lower fees.
â Use BNB to pay trading fees at a discount.
â Choose low-fee networks for withdrawals (e.g., TRC20, BEP20).
đ§ Understanding fees = maximizing profit.
đ Share this with your trading squad!