#CryptoFees101
💰 Transaction Fees in Crypto – Understand to Optimize Profits!
#CryptoFees101
Did you know? Not all transaction fees are the same. Understanding fees correctly can help you save significantly – especially for investors who trade frequently.
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📊 Types of fees you need to know:
🔸 Gas fee (blockchain fee): The fee to confirm a transaction on the chain. Ethereum is usually high, while BNB Chain and Solana are much cheaper.
🔸 Exchange fees:
Spot fee: The fee when buying/selling on the exchange.
Futures fee: The fee for opening/closing derivative positions.
Many exchanges like Binance, Bybit have 0% fee promotions for some pairs like BTC/FDUSD, ETH/USDC.
🔸 Coin withdrawal fee: Each coin has its own withdrawal fee. USDT on ERC20 is much more expensive compared to TRC20 or BEP20.
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🧠 Tips to save fees for smart investors:
✔️ Trade during off-peak hours (especially with Ethereum).
✔️ Use low-fee blockchains like BNB Chain, Base, Solana.
✔️ Take advantage of "0 fee" promotions from major exchanges.
✔️ Combine orders or use limit orders instead of market orders to avoid slippage.
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💡 Small fees – big impact. Understand to optimize each transaction!
Follow the section #CryptoFees101 to learn more tips to save fees in the Web3 world.
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