Cryptocurrency transactions come with various fees that can impact your profitability. These include:
- Network Fees: Paid to miners or validators for processing transactions (e.g., Bitcoin's mining fees or Ethereum's gas fees).
- Exchange Fees:Charged by trading platforms, including maker/taker fees and withdrawal fees.
- Slippage Costs:Occur when the actual execution price differs from the expected price due to liquidity issues.
Understanding these fees helps traders minimize unnecessary costs and optimize transactions.
