Bitcoin TRADING for DUMMIES (Understanding Crypto Fees in 2021)
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0:00 Intro
1:03 Leverage trading
3:01 Dual price mechanism
5:02 Funding fees
5:38 Maker and taker fees
You are hacking your way through a thick jungle, following the instructions of a sage you found on Youtube. A BitBoy. You are carrying your bag of coins on your back, looking to trade and increase your booty. And then you find it, one of the trading temples the BitBoy told you about. This one is called Bybit. You approach the merchants and begin to trade. But as you start making transactions you find that the cost of doing business is higher than you expected. This is complicated, just like the BitBoy said. And now you are trying to figure out how to trade without getting hit by the merchants fees. Welcome to the jungle of crypto trading. Sharpen your machete and balance your scales. I’m going to explain what trading fees are and how to avoid getting tripped up
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