In the world of cryptocurrency, transaction fees can become a quietly "eroding" factor of your profits if you are not aware of the fee mechanisms on each exchange. There are cases where investors have to pay fees of up to 7% when trading through intermediaries, while direct trading costs only about 0.25%. Transaction fees are the costs that investors must pay to cryptocurrency exchanges when buying and selling digital assets. Cryptocurrency transaction fees are one of the important factors to consider when choosing an exchange. Typical types of fees may include deposit/withdrawal fees for your bank account, maker/taker fees, fixed transaction fees, or tiered transaction fees based on trading volume.