#CryptoFees101

Why are you charged when making a crypto transaction? Here’s the simple answer:

Every time you do something in crypto (buy, sell, send…), someone processes that operation.

That “someone” can be:

🔹 An exchange (like Binance)

🔹 A blockchain network (like Ethereum or Bitcoin)

And of course… they charge for their service.

📌 Most common types of fees:

1️⃣ Trading Fee: commission for buying or selling on an exchange.

🔁 Example: Binance charges a small % for each operation.

2️⃣ Gas Fee: payment to validators for processing transactions on a blockchain.

⚠️ On Ethereum, they can vary a lot (sometimes it hurts!).

3️⃣ Withdrawal Fee: for taking your crypto from the exchange to your external wallet.

💡 Changes according to the network you choose.

💡 Advice:

✅ Compare networks (sometimes using BSC or Polygon is cheaper than Ethereum!)

✅ Use BNB to pay lower fees on Binance

💰 Understanding the fees = saving more in the long run.