Many in the crypto space overlook trading fees, dismissing them as negligible percentages of their assets. However, these seemingly minor costs accumulate rapidly with every buy/sell action—fueling exchanges and even birthing publicly traded platforms like Coinbase (COIN). Before chasing profits, mastering cost control is essential to boost returns by minimizing unnecessary fees.
Cryptocurrency Trading Platforms Available in Taiwan
Taiwan-based and international platforms cater to regional traders. Key players include:
| Feature | Mitrade | MAX | Binance |
|---|---|---|---|
| Market Focus | Taiwan | Taiwan | Global |
| Products | CFDs (Crypto, Forex, Stocks) | Spot Crypto | Spot, Futures, Options, NFTs |
| Crypto Pairs | 39 | 32 | 350+ |
| Leverage | 1–10x | None | 1–20x |
| Fees | 0.05% (Buy), 0.02% (Sell) | 0.05% (Maker), 0.15% (Taker) | 0.1% (Spot), Variable (Futures) |
| Regulation | CIMA, ASIC, FSC | None | FCA, FinCEN, VFA |
👉 Compare trading platforms for optimal fee structures.
Fee Structures: Mitrade vs. MAX vs. Binance
Mitrade
- Fees: 0.05% (buy overnight), 0.02% (sell overnight). No deposit/withdrawal fees.
- Discounts: $10 sign-up bonus + $90 trading credit.
MAX
- Fees: 0.05% (maker), 0.15% (taker). 15 TWD withdrawal fee.
- Discounts: 20% fee reduction for MAX token holders.
Binance
- Fees: 0.1% (spot), 0.018%–0.036% (U.S. futures). BNB holders get 25% discount.
Step-by-Step Trading Guides
Mitrade
- Register: Complete KYC via Mitrade’s portal.
- Deposit: Use Visa, bank transfer, or e-wallets.
- Trade: Select crypto pairs and leverage (1–10x).
Binance
- Sign Up: Use email/phone with 2FA.
- Verify: Complete identity checks.
- Fund: Deposit via fiat or crypto.
👉 Start trading on Binance with low fees today.
5 Strategies to Slash Trading Costs
- Avoid Overnight Fees: Close positions before Mitrade’s 5 AM cut-off.
- Hold Platform Tokens: BNB/MAX tokens reduce fees by 20–25%.
- Prioritize Limit Orders: MAX/Binance makers pay lower fees than takers.
- Use Binance Futures: Opt for quarterly contracts to dodge perpetual funding rates.
- Boost Trade Volume: Higher tiers on Binance unlock fee discounts.
FAQs
Q: Which platform has the lowest fees for beginners?
A: Mitrade’s flat 0.05% fee suits new traders; MAX offers simplicity for spot-only users.
Q: How do I avoid Binance’s withdrawal fees?
A: Withdrawals incur network costs—consolidate transactions to minimize them.
Q: Are there hidden fees?
A: Always check for spreads, funding rates, and inactivity fees in terms of service.
Final Tips
- Security: Binance’s global liquidity vs. Mitrade’s regulated safeguards.
- Taxes: Report fees as deductible expenses in Taiwan.
- Risk: Never sacrifice security for lower fees—stick to reputable platforms.
Disclaimer: Trading involves risk. This guide is informational only—consult a financial advisor before investing.