#CryptoFees101
Crypto Fees 101 – Low fees, high profits… or losing everything because you don’t understand the fees?
When trading crypto, you need to pay attention not only to the coin price, but also to the transaction fees which can quickly deplete your account if you’re not careful.
🔹 Network fee: This is the fee paid to the blockchain to confirm the transaction. Ethereum usually has high fees, while BNB and Polygon are much cheaper.
🔹 Exchange fee: Centralized exchanges (CEX) like Binance and OKX will charge transaction fees (0.1% – 0.2%), and withdrawing coins also incurs separate fees.
🔹 Slippage: Especially when swapping tokens, the price may slip if liquidity is low – you might think you’re buying cheap, but end up losing money!
⚠️ Don’t let every click cost you money.
Calculate fees carefully before trading, because real profit = profit after all fees are deducted.
Trade smart, not just fast!