#CryptoFees101

#CryptoFees101 🔍 | Understanding Where Your Money Goes in Every Trade

Every time you make a trade in crypto, you’re not just swapping tokens — you’re paying fees. But where do those fees go? Let’s break it down. 💡

On centralized exchanges like Binance, you pay a trading fee (usually 0.1%) when you buy or sell crypto. These fees help cover the platform’s security, infrastructure, and development — ensuring smooth, fast, and safe transactions.

If you’re using BNB to pay fees, you can get a discount — a smart move many traders overlook. 💰

On DeFi platforms, it’s a bit different. When you trade on DEXs like Uniswap or PancakeSwap, you’re paying gas fees (network fees) and liquidity provider fees. Gas fees go to miners or validators (the ones securing the blockchain), while liquidity fees reward those providing tokens to the pool.

So, whether you’re swapping on a CEX or diving into DeFi, always check:

✅ Trading/Gas fee rates

✅ Hidden fees

✅ Fee discounts (like using native tokens)

Understanding fees = smarter trading. Stop guessing. Start calculating. 📊

Follow for more insights on crypto basics and stay ahead in your financial journey. 🚀

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