#CryptoFees101 📌 The Difference Between Trading Fees and Withdrawal Fees in the World of Cryptocurrencies

#CryptoFees101

🔹 Trading Fees:

The percentage that the platform takes when executing a buy or sell order. It varies based on:

Order type (Market or Limit)

User level (VIP or Regular)

Whether you are a Market Maker or Taker

🔸 Withdrawal Fees:

The fees imposed when transferring your currency from the platform to an external wallet. It varies based on:

Currency type (BTC, ETH, USDT...)

Network used (ERC20, BEP20...)

Network congestion at the time of withdrawal

🎯 Tips to Reduce Fees:

✅ Use cheaper networks (e.g., BEP20 instead of ERC20)

✅ Avoid peak times

✅ Watch for promotional offers from platforms

✅ Use the platform's currency (like BNB on Binance) to reduce trading fees