#CryptoFees101 CryptoFees101 is an educational initiative by Binance aimed at raising awareness about the various fees associated with cryptocurrency trading. These fees, often overlooked, can significantly impact traders' profitability. Common fees include:

Taker/Maker Fees: Charged when you take or provide liquidity on exchanges.

Network Fees: Payments to validators for processing transactions, which can vary based on network congestion.

Swap Fees: Incurred during token swaps on decentralized exchanges.

Withdrawal Fees: Fees for transferring funds from exchanges to external wallets.

To mitigate these costs, Binance suggests strategies such as using BNB for trading fee discounts, trading during off-peak hours, and utilizing networks with lower gas fees like Polygon or Arbitrum . By understanding and managing these fees, traders can enhance their net returns.