Confused by all the fees in crypto? Here's a quick breakdown:
1️⃣ Network Fees (Gas):
Paid to blockchain validators. Higher during congestion. (e.g., Ethereum gas fees)
2️⃣ Exchange Fees:
Maker Fee: You add liquidity (usually lower)
Taker Fee: You remove liquidity (usually higher)
3️⃣ Withdrawal Fees:
Charged when moving funds off an exchange — varies by coin.
4️⃣ Slippage:
Not a fee, but a hidden cost when prices change during a trade.
✅ Pro Tips:
– Use Layer 2s (like Arbitrum or Optimism) to cut gas fees
– Always check fee details before confirming a trade
