#CryptoFees101 💸 #CryptoFees101 – Understanding Fees in the Crypto World!

Have you ever asked yourself why sometimes transfers take time or cost you a lot? 🤔

The reason is often: fees!

📌 Types of fees you need to know:

1️⃣ Gas Fees ⛽

These exist on networks like Ethereum – and they change based on the congestion on the network.

2️⃣ Trading Fees 💱

You pay these when you sell or buy a currency on platforms like Binance or Coinbase.

3️⃣ Withdrawal Fees 💳

When you withdraw from a wallet or platform to an external wallet, you may pay a fixed or variable fee.

4️⃣ Slippage 🔄

The price difference at the time of executing the actual trade – it's important to understand this, especially in currencies that experience rapid changes.

📉 Golden Advice:

✅ Monitor the network before transferring

✅ Use cheaper networks (like BNB Chain or Polygon instead of Ethereum during congestion)

✅ Activate the maximum fee limit feature (Max Fee Limit) if available

Earn more by reducing your expenses!

Understand the fees, take control of your investments. 💼🚀