#CryptoFees101 Crypto transaction fees – not knowing can easily lead to 'wallet burn'!
When participating in the crypto market, there is one thing that always comes along with you everywhere: transaction fees. Whether buying, selling, or withdrawing coins – the fee silently eats away at your account if you're not paying attention.
📌 Common types of fees:
1. Trading Fee: On CEX exchanges like Binance, it is usually 0.1%, but can be reduced if you use BNB for payment.
2. Withdrawal Fee: Withdrawing USDT through Ethereum can cost up to $5-$20, while through TRON (TRC20) it's only a few cents!
3. Gas Fee: For on-chain transactions on the Ethereum network, BNB Chain, Solana… Network congestion → fees increase many times.
✅ Tips for saving:
• Use cheaper networks (TRC20, BNB Chain).
• Avoid small withdrawals, consolidate and withdraw once.
• Use exchange tokens to reduce fees.
Knowing the fees = keeping your wallet safe. Smart trading is knowing how to optimize every little cent 💰
