How do you pay fees in crypto?

In the world of digital currencies, fees are not just a small number deducted... they are an important part of every transaction!

📌 Basic types of fees:

1️⃣ Trading Fees:

You pay them to trading platforms like Binance when you buy or sell a currency.

✅ They vary depending on whether you are a Market Maker or a Taker.

2️⃣ Network Fees:

These go to miners or validators when you transfer your assets from one wallet to another.

🔹 Example: Ethereum fees can be higher during busy times.

3️⃣ Withdrawal Fees:

When you withdraw your currencies from the platform to an external wallet.

🎯 Tips to reduce fees:

Use low liquidity times.

Use cheaper networks (like BNB Smart Chain instead of Ethereum).

Activate platform discounts (like paying with BNB on Binance).

💡 Fees are part of the game… play it smart! 😉