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