#CryptoFees101

Crypto Fees 101:

Crypto transactions and trading often come with fees—knowing them helps you save money and avoid surprises.

Common Types of Fees:

Trading Fees:

Charged by exchanges (CEXs and DEXs) when you buy or sell.

Maker Fee: For placing limit orders (adds liquidity).

Taker Fee: For market orders (removes liquidity).

Example: 0.1% per trade on Binance.

Network (Gas) Fees:

Paid to blockchain validators when sending crypto.

Ethereum: Can be high during congestion.

Bitcoin: Depends on block space demand.

Solana, Polygon: Usually low fees.

Withdrawal Fees:

Charged when moving crypto from an exchange to your wallet. Varies by coin and platform.

Swap/DEX Fees:

When using DeFi platforms like Uniswap, you’ll pay a % per swap plus network gas.

Slippage:

The price difference between when you place and execute a trade—not a fee, but can affect cost.

Tip:

Use Layer 2s (like Arbitrum, Optimism) or low-fee chains (like Solana) for cheaper transactions.

Always check fees before confirming a trade or transfer. They add up fast!