*#CryptoFees101 | Do you understand the fees you are paying? 💸*

In the crypto world, fees may seem small... but they make a big difference! Here are the basic types:

🔹 *1. Trading Fees:*

– Paid when buying or selling assets

– Varies by platform and order type (maker/taker)

🔹 *2. Network Fees:*

– Paid to miners or validators when sending currencies

– Varies by network (Ethereum, Bitcoin, BNB…)

🔹 *3. Withdrawal Fees:*

– Charged when transferring currencies from the platform to an external wallet

🔹 *4. Swap Fees:*

– Specific to decentralized platforms like Uniswap or PancakeSwap

💡 *Tip:*

– Always check the fees before executing any transaction

– Use cheaper networks (like Arbitrum or BSC) to reduce costs

📊 Understanding fees = Better control over your profits!

What type of fee annoys you the most? 🤔💬

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