#CryptoFees101 Understanding crypto fees is crucial for both beginners and seasoned traders. Whether you're trading on a centralized exchange or using DeFi platforms, fees can significantly impact your profits. Network fees, trading fees, and withdrawal fees all add up, especially during high network congestion periods. For instance, Ethereum gas fees can skyrocket when demand is high. Knowing how to optimize your trades—like trading during low activity periods or using Layer 2 solutions—can help you save a lot over time. Platforms like Binance often offer discounts when using their native tokens to pay fees. Always be fee-aware before confirming any transaction!

#CryptoFees101