#CryptoFees101

Most cryptocurrency exchanges calculate fees in one way: a tiered-level structure based on a percentage of your 30-day trading volume. Learn more about the fees you'll pay when you trade cryptocurrency so that you can develop strategies to keep them from eating away at your profits.

Key Takeaways

✅ Hundreds of online exchanges exist that let you buy, sell, and trade digital currencies.

✅ Typical costs might include fund transfer fees to/from your bank account, maker/taker fees, set transaction fees, or tiered transaction fees based on trading volume.

✅ Factors that usually influence how much you pay in exchange fees are trading frequency and volume.

How Cryptocurrency Exchange Fees Work

There are three important factors that traders must consider when thinking about buying or selling cryptocurrencies from an exchange:

Fee schedules: You might encounter wire fees (to transfer funds to and from your bank account), mining fees, account fees, spot fees, and tiered transaction fees

Location: Many exchanges are unregulated, and some are only available to those who live in certain geographic areas

Availability: Not all cryptocurrencies are available on every exchange.