šø #CryptoFees101
Do you really know how much you pay in fees when trading crypto? š¤
Every transaction has a cost:
š Exchange fees (maker/taker) vary based on monthly volume and can range from 0.1% to 0.4%.
ā½ Gas fees on Ethereum can skyrocket during congestion, exceeding $50 for a single transaction!
āļø Layer 2 solutions like Arbitrum or Optimism are cutting transaction costs.
šŖ CEXs (like Binance, Kraken) often have more stable fees, but watch out for withdrawal costs!
š” Pro tip: consider DEXs with fee-sharing mechanisms (like dYdX or GMX).
š Knowing the fees helps you optimize profits and choose the right platforms!