Hello everyone, I believe currently a lot of newcomers are joining this subreddit, and many of you might get interested into "Trading". Not only a Buy & Hold.

I'm Henry, and I've traded 6 years on cryptocurrency market. I was mainly a spot trader for my first year, and for the 5 years, I mainly played on futures market. Now, I am working as a CEO, and Backend Developer on cryptopayback.io that drives fee payback solution on tradings.

Last week, I've wrote a compherensive guide for Fee Optimization on "On-Ramp" & "First Token Purchase". You can look First Guide for the information. If you have not read it yet, I recommend you to read it first and then read this post. But, if you don't want to read it, you can just follow down !

Review of Part 1: On-Ramp Fee Optimizing, and Hidden Fee layer.

On first guide, we looked on the On-Ramping, and First Token Purchase.

We reviewed Coinbase Basic, and Robinhood.

- Coinbase Basic had Two layers (Payment method fee & Transaction fee) + Spread Fee system, which could end you up with 17% of fee on a single transaction.

- Robinhood had much lower fees, Market Maker Order Rate was not transparent, and the other fee was 0.85%, which is way cheaper than coinbase basic, but still at least 8 times higher against crypto exchanges.

So the lesson of Part 1 was:
- Never use a Credit Card as a payment method, in every exchange.
- If you want to use / have to use Coinbase, change the mode as "Advanced"
- Use Coinbase Adv. as On-Ramp platform, not a platform to Trade a Spot Pairs.
- Transfer USDC to Binance or MEXC, and then purchase your first token on Spot Market, with maker order.

+a: Strategy depends on your local currency & residency, so ask me anything or check the former postings' comment section, which covers 40+ currencies.

Part 2: Now, let's cut the fuck off of Trading Fee itself.

2-1: Importance of Trading Fee

Yes, today we are mainly going to focus on "Trading Fees". So if your main interest is on the buy&hold, which don't needs a frequent trades, this part might not fit for you.

But, if you are interested in trading, and especially FUTURES / DAYTRADING, you MUST READ THIS LESSON. I was also a daytrader, futures trader. You might currently losing $2,800 a month as a fee, with only $2,000 balance.

Projection of Futures DayTraders' Fee

Balance (Capital)	$2000
Leverages	25x
Positions per day	2
Exchange	Binance (0.05% taker)
Fees	$2,800/month

The Fees are actually included in your position, so that's why you can pay even bigger amount than your actual balance.

And this means, if you could cut off your fees, you might have skyrocket your monthly return.

Here's compound impact Projection of low-level Trading fee optimization

Balance (Capital)	$2000
Leverages	25x
Positions per day	2
Exchange	Binance( 0.04% USDC taker)
Fees	$2,240/month

Just simply using USDC, it makes your monthly return get extra $560, which is 28% as a ROI.

What if we maximize to make a fee optimization? Let's see the projection table

Balance (Capital)	$2000
Leverages	25x
Positions per day	2
Exchange	Binance( 0.0% USDC maker)
Fees	$0/month

Yes it is, Binance futures market has 0% fees on USDC pairs. So your monthly return gains $2,800 additional profit. Which is 140% as a ROI.

2-2: Where does my Trading Fee go?

Yes, exchanges are taking enormous profits from your trading fee. But, have you ever think about where does those fees go to ? We are going to talk about in this chapter

- Exchanges

: Yes, of course the exchanges takes a portion of your profit, because they are the man who made a ecosystem, platform, and a service! We actually all know abt this.

- Influencers, Referral Spammers.

: This is the point. You might have experience to look on the referral codes when registering exchange, to get a fee rebate coupons like 20USDT, 100USDT.

You get the one-time coupon benefits, but what does the code providers get?

They get about 20~85% of your whole trading fee.

Especially influencers and official affiliation code providers, they get 50~85% of the whole fee, which means they get more portion than a exchange.

So basically, if the influencer you watching did a code promotion at least once, you should re-think about whether his money is from trading, or from your fees. In fact, most of the influencer's money comes from your fee.

In my country, one influencer has revealed his 2-month referral commission income, and it was $22mill in two months, with a 30,000 code users.

And if you are using a code from someone you don't know, you are giving them at least $400~$1,500+ a month.

Ways to cut off these fees

1. Minimize your Taker order, Use Maker order more instead.

Many of beginners think there's no big difference between maker and taker, cuz it is like 0.03~0.04% difference, but it is not. Taker is mostly 80~90% expensive than Maker, so it burst your fee 80~90% more. It's not a matter of choice. It is the thing should be done if you are trading.

Unless it is emergency, use Maker.

2. Choose fitting exchange for you.

Each exchanges have upside and downsides. I'll tell you on below, so choose your exchange wisely.

- Binance: One of the biggest in the whole world, easy, cheap and fast EUR deposit Journey, supports Middle-east & Latin Amercia Currencies, and "0% MAKER FEE ON USDC FUTURE PAIR", "140+ ZERO MAKER FEE PAIR ON SPOT"

- Kraken: Major currency supporting exchange, high security, high fees(especially on spot), good customer service. Only path for On-Ramp of AUD, CHF, CAD, JPY.

- Coinbase: USD, EUR, GBP On-Ramp is good on this exchange, but crazy high fees on spot & basic mode. But, "FUTURES FEE MAKER & TAKER 0% UP TO $10M VOLUME"

- MEXC: EUR, BRL On-Ramp is good on this exchange, (for BRL, best one so far), extremely low fees. 240+ Zero Fee Pairs, basic maker fee both 0% on Spot / Futures. The most cheapest exchange in the world currently. But, about the security and trustworthy? Low than the exchanges above

- Bybit Gate Bitget: All same exchanges. Not bad, but not good also.

Exchange	Spot Fees(Maker, Taker/ Opt without Native token)	Futures Fees (Maker, Taker/ Opt withour Native Token)
Binance	0.07125% (USDC normal pairs), 0% (Zero maker taker fee pairs)	0%, 0.04% (USDC)
Kraken	0.25%, 0.4%	0.02%, 0.05%
Coinbase	0.6%, 1.2%	0%, 0% (Up to 10M Volume only)
MEXC	0%, 0.05%(normal pairs), 0(zero fee pairs)	0%, 0.02% (Normal pairs), 0%(zero Fee pairs)
Gate, Bybit, Bitget	0.1%	0.02%, 0.05%(Gate)/0.055%(Bybit), 0.06%(Bitget)

3. You can use native token (But not actually recommended)

Native token offers a fee discount on Binance, MEXC, Gate, Bitget. But I don't really recommend it. Because it lowers your trading capital, and you have to deal with the volatility of their native tokens.

4.The Selferral Method.

There's a method called "Selferral" on my region. This has basically came up as a concept of "getting the commission money back to me".

As I mentioned, the referral code providers get 20~85% of your trading fee.

But what if, you provides the code yourself? Then you will get 20~85% fee discount impact !

So some ppl have already tried and done this method. It was working at first, but all the exchanges has banned these kind of activites, and related accounts.

And through this idea, I made this legally possible with a third party entity.

Our service, Cryptopayback.io is focused on this area. We try our best to make each exchanges find their best-fitting user, and for user we payback their trading fees, by tracking their exchange uuid on commisson dashboards. And we made this out on the governmental regulation under South Korea.

Currently we paying out fixed 85% of our all commissions, and of course it is free(we don't even made any infrastructures to do a payment). All the payouts are automated, so all you have to need is register and tell us which wallet you want to receive the payout, and what's your exchange uuid.

So the fee if you use this service gon' be this.

Exchange	Spot	Futures
Binance	0.0591375%	0%, 0.0332%
Kraken	0.25%, 0.4%	0.02%, 0.05%
Coinbase	0.6%, 1.2%	0%, 0%
MEXC	0%, 0.033%	0%, 0.0132%
Gate	0.066%	0.0132%, 0.033%
Bybit	0.066%	0.0132%, 0.0363%
Bitget	0.066%	0.0132%, 0.0396%

I came up with this service because I saw so many ppl getting drained money by influencers, and wasting money for ppl who don't even know you(code spammers).

We will always try best to make the maximum commissions should be payback, so if any exchange you use, you can use with no fee burden.

Thanks for reading this long posting. If you don't use my service, I highly recommend you to do step 1 and 2 at least must do.

It is completely Free, no charges forever. I know you guys may not like a introduction of product, but I really truly made this for community, I was feeling most of the US traders were underestimating their fee impacts, and no-one cares about cutting their fees down, so I wanted to change it.

If you got any questions ask me.

Also, even if you don't have any idea of using the service, I recommend you to at least use a calculator, to know your fees.
https://cryptopayback.io/calculator

https://preview.redd.it/kgsqj16y5yef1.png?width=1848&format=png&auto=webp&s=c719915c2010be24e64a9d804b28bf5467e2b687

P.S. I understood this flairtag is for introducing the services, but if I misudnerstood, please tell me MODs !!