Recently, many friends have been asking me: 'Why is the transaction fee different every time? It feels like opening a blind box!' In fact, there are quite a few nuances to transaction fees.

First of all, you need to understand that transaction fees are not set arbitrarily by the exchange; they are related to many factors. For example, the current network congestion, the complexity of the transaction, and the trading method you choose, etc. The more congested the network, the higher the fees will naturally rise; the more complex the transaction, the more computing resources are required, and thus the higher the fees.

Secondly, different exchanges have different fee structures. Some exchanges adopt a fixed fee model, where the transaction fee is the same regardless of the amount traded. Others use a tiered fee rate, where the larger the trading volume, the lower the fees. Therefore, choosing an exchange that suits you can also save you a significant amount of money.

Finally, don’t forget to pay attention to the promotions of the exchanges. Many exchanges periodically launch fee discount promotions, such as discounts for holding platform tokens or getting fee rebates by participating in trading competitions, etc. Seizing these opportunities can help you save money in trading. Remember, being frugal is the way to go further in the cryptocurrency world!