what is there to figure out, we entered, earned and received commissions
Mehaniklexa
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🔥 Why do traders shout about commissions on MYX? Let's break it down! 🔥
Everyone complains: "Commissions on MYX are huge, trading is impossible!". But let's see what really eats into your profit. 👇
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✅ 1. Trading Commission
Maker — 0.04% (if you place a limit order and create liquidity).
Taker — 0.06% (if you click market or take someone else's liquidity). 👉 Want to pay less? Place limit orders, be a Maker.
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✅ 2. Funding Fee This is where the pain of most lies.
You hold a leveraged position for a long time → the funding fee “eats” into your profit.
This is exactly why many think that “the commission is outrageous”, although it is the funding fee.
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✅ 3. Long/Short Balance MYX loves balance. If you open a position where there is already an imbalance (for example, too many longs), your Taker commission may be higher.
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✅ 4. Slippage and Hidden Costs Market order = entry price worse than you saw. The difference comes out of your pocket. 👉 Solution: trade with limit orders and check the order book.
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✅ 5. VIP Levels MYX has commission levels based on trading volume. The higher the turnover, the lower the percentage. Newbies don’t know this and pay “the maximum”.
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⚡ Conclusion: Commissions on MYX are not a conspiracy. You just need to know the rules of the game. $MYX
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee.See T&Cs.