LeoMatts
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#CryptoFees101
In the crypto world, fees are charges applied for transactions, and knowing them is key to avoiding surprises.
1. Network Fees: These are paid to validators for processing transactions on blockchains like Bitcoin or Ethereum. They vary depending on network congestion.
2. Exchange Fees: Exchanges (CEX or DEX) charge for buying, selling, or withdrawing funds. They can be maker (for creating orders) or taker (for executing them).
3. Withdrawal Fees: Some exchanges charge fixed fees for withdrawing cryptocurrencies to an external wallet.
4. Hidden Fees: In DEX, price slippage can affect the final value of a trade.
Before trading, always check the applicable fees. Saving on fees can make a big difference in the long run. Inform your strategy!
In the crypto world, fees are charges applied for transactions, and knowing them is key to avoiding surprises.
1. Network Fees: These are paid to validators for processing transactions on blockchains like Bitcoin or Ethereum. They vary depending on network congestion.
2. Exchange Fees: Exchanges (CEX or DEX) charge for buying, selling, or withdrawing funds. They can be maker (for creating orders) or taker (for executing them).
3. Withdrawal Fees: Some exchanges charge fixed fees for withdrawing cryptocurrencies to an external wallet.
4. Hidden Fees: In DEX, price slippage can affect the final value of a trade.
Before trading, always check the applicable fees. Saving on fees can make a big difference in the long run. Inform your strategy!
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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