#CryptoFees101 What You Pay & Why It Matters šø
Every crypto transaction comes with a feeābut do you know what youāre actually paying for? Hereās the breakdown:
š¹ Trading Fees: Charged when you buy/sell crypto on exchanges like Binance.
⢠Maker Fee: You place an order that adds liquidity (e.g., limit order).
⢠Taker Fee: You match an existing order (e.g., market order).
Pro tip: Maker fees are often cheaper!
š¹ Withdrawal Fees: You pay this when moving crypto off an exchange to a wallet. It varies by token and network congestion.
š¹ Gas Fees (for DEXs): If youāre using platforms like Uniswap, you pay a fee to miners/validators to process the transaction.
š” Why it matters:
Lower fees = more profit in your pocket. Always check and compare fee structures before trading or transferring!
Maximize gains by understanding the costs. Trade smart, not just fast. š¼