$BTC Hidden costs per transaction
Fees can silently drain your profits if you don't know how they work. Let's clarify the most common types of fees you may encounter in the cryptocurrency world.
1 Trading fees
Charged on every buy or sell transaction
Usually a percentage of the transaction value
Two main types
Host fees when adding liquidity are lower
Taker fees when withdrawing liquidity are higher
The average ranges from 0.1% to 0.25% per trade
2 Withdrawal fees
Charged when transferring cryptocurrencies out of the platform
Fees can be fixed or depend on the network like Bitcoin or Ethereum
Tip: Use low-fee networks like TRON or BNB chain
3 Network or gas fees
Pay miners or network validators to process transactions
Ethereum fees can spike significantly during network congestion
Tip: Use layer two networks like Arbitrum or Optimism to reduce fees
4 Cost of price slippage
The difference between the expected price and the actual executed price
Occurs in highly volatile or low liquidity pairs
Tip: Use limit orders to reduce slippage
Professional tips to reduce fees
Use platforms that offer low fee levels
Trade in high liquidity pairs
Choose the right timing to avoid network congestion
Keep platform tokens like BNB on Binance for discounts
Saving on fees means greater profits in the long run
Don't just trade, trade smart
Save this information and share it if you find it useful
