You made 5% on a trade. Great. But after fees, you might have kept much less. Small costs add up, especially if you trade often.
Here's where your money leaks:
1. Trading fees
Every buy and sell has a fee. Trade 20 times a month and those small percentages become a real number. Check your fee tier in the app, since holding BNB or trading more volume can lower it.
2. Spread
The gap between the buying and selling price. Convert or "instant buy" features often have a wider spread than placing a normal order on the spot market.
3. Withdrawal fees
Moving coins off an exchange costs a flat network fee. Choosing a cheaper network (when it's supported by where you're sending) can save you a lot.
4. Slippage
On low-volume coins, your order can fill at a worse price than you expected. Limit orders help protect you.
5. Funding fees on futures
If you hold leveraged positions, funding fees are charged regularly. Many beginners don't notice until the balance drops.
My view: Before asking "how much can I make?", ask "how much will I keep?" A smaller number of well-planned trades often beats constant trading.
Do you check fees before trading, or only after? Let me know below 👇
#Binance
#Crypto #TradingFees #CryptoEducation💡🚀 #BinanceSquare Not financial advice. Always do your own research.