#CryptoFees101
đž **CryptoFees 101: What Are You *Really* Paying For?** đđĄ
Think crypto trading is free? Think again. Welcome to **CryptoFees 101** â where every swap, send, or stake comes with a hidden cost.
Hereâs the breakdown:
đ **Trading Fees** â Exchanges like Binance or Coinbase charge a **maker/taker fee** (usually 0.1%â0.5%) on every trade. Pro tip: Holding native tokens like BNB can give you discounts.
âïž **Network Fees (Gas Fees)** â On blockchains like Ethereum, youâll pay **gas fees** for any transaction. These can spike during congestion, so timing is everything.
đŒ **Withdrawal Fees** â Moving your crypto to a wallet? Many platforms charge a flat **withdrawal fee**, especially for coins like BTC or ETH.
đ **Slippage** â Not a âfeeâ per se, but if the market moves while your trade processes, you could lose value â thatâs slippage.
Want to save more? Use **Layer 2s**, choose low-fee tokens, and always double-check before clicking "confirm."
Your profits are yours â donât give them away in fees. đ§ đ