#CryptoFees101 Many times, when starting in the crypto world, the focus is placed on potential gains or on the technology behind each project. However, a key and often overlooked aspect is the fees that accompany each transaction. These fees, if not understood and managed properly, can significantly reduce the performance of an investment.
There are different types of fees depending on the platform or action taken: maker and taker fees affect those trading on centralized exchanges; gas fees can become especially costly on congested networks like Ethereum; swap fees appear when exchanging tokens on DEXs; and withdrawal fees are common when moving funds to external wallets.
Understanding these costs is not optional: it is a fundamental part of trading responsibly and efficiently. Educating oneself on this aspect allows for more informed decisions and helps avoid unpleasant surprises.