"What is the benefit of this? Please tell me." | Abbas khan on Binance Square

Trending Articles

Bookmarked and Liked

--

"What is the benefit of this? Please tell me."

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

1

0

Explore the latest crypto news

⚡️ Be a part of the latests discussions in crypto

💬 Interact with your favorite creators

👍 Enjoy content that interests you

Email / Phone number

Relevant Creator

@ahmedkhanshadad

Explore More From Creator

#CryptoFees101 🔹 1. Types of Crypto Fees a) Network/Blockchain Fees (Gas Fees) What it is: Paid to miners/validators to process your transaction. Where you see it: Ethereum, Bitcoin, etc. Varies by: Network congestion, transaction complexity, speed. b) Exchange Fees What it is: Charged by centralized or decentralized exchanges. Types: Maker Fee: When you add liquidity (place limit orders). Taker Fee: When you remove liquidity (market orders). Examples: Binance, Coinbase, Uniswap. c) Withdrawal Fees Charged when you move funds off an exchange to a wallet. d) Swap Fees In DeFi (like Uniswap), a % is taken from each swap (e.g., 0.3% per trade). --- 🔹 2. Fee Examples by Network Blockchain Avg. Fee (May Vary) Notes Bitcoin $1–$5+ Higher during congestion Ethereum $5–$50+ Depends on gas + contract complexity Solana <$0.01 Extremely low fees Polygon <$0.01 Great for microtransactions BNB Chain <$0.10 Low and fast --- 🔹 3. Tips to Reduce Fees Use Layer 2 solutions (e.g., Arbitrum, Optimism for Ethereum). Choose low-fee blockchains (e.g., Solana, Polygon). Batch transactions when possible. Avoid peak network times. Check fee estimators (like ethgasstation.info for Ethereum). --- 🔹 4. Watch Out For Hidden fees in DEX aggregators. Slippage: When price changes during trade execution. Fake tokens or scam dApps with high fee traps.

--

HOLD OR CLOSE💔😥

--

If you're asking about "Elon Musk Coin," please clarify what you mean, as this term can be used in different ways. 1. Dogecoin: Elon Musk has shown the most support for Dogecoin. He has called it "the people's crypto" and tweeted about it several times, causing major fluctuations in its price. 2. Does Elon Musk have his own coin? As of now, Elon Musk has not launched any official cryptocurrency. If you see something called "Elon Musk Coin" online, it's likely to be fake or unofficial — possibly even a scam. Summary: There is no official cryptocurrency called "Elon Musk Coin." Elon Musk has publicly supported Dogecoin (DOGE). Be cautious of scams or fake coins that misuse his name.

--

If you're asking about "Elon Musk Coin," please clarify what you mean, as this term can be used in different ways. 1. Dogecoin: Elon Musk has shown the most support for Dogecoin. He has called it "the people's crypto" and tweeted about it several times, causing major fluctuations in its price. 2. Does Elon Musk have his own coin? As of now, Elon Musk has not launched any official cryptocurrency. If you see something called "Elon Musk Coin" online, it's likely to be fake or unofficial — possibly even a scam. Summary: There is no official cryptocurrency called "Elon Musk Coin." Elon Musk has publicly supported Dogecoin (DOGE). Be cautious of scams or fake coins that misuse his name. #ElonMusk

--

"What is the benefit of this? Please tell me." $BTC $ETH

--

Latest News

Survey Reveals Financial Struggles Among U.S. Consumers

--

Huma Finance After Binance Launchpool: How This PayFi Pioneer Is Reimagining Real-World Assets in DeFi

--

Japanese Firm Remixpoint Acquires Additional Bitcoin Worth $4.7 Million

--

Musk and Trump Clash Impacts Tesla Stock

--

Uber CEO Discusses Bitcoin and Stablecoins

--

Trending Articles

$ETH # ETH/USDT Chart Analysis ## **Price Action** - Cu

Ripple Moves $498 Million in XRP to Unknown Wallet: What’s Going On?

Trump Just Dumped His Tesla — And the Musk Feud Is Getting Expensive

Breaking 🗞️ News 🇬🇧: After 12 years of failed attempts, t

$ETH / USDT ✅ Entry Point (EP): $2,515 (Price just broke t

Cookie Preferences

Cookie Preferences