#CryptoFees101
When trading crypto, understanding fee types can help you save significantly. The main fees include:
1. Trading Fees – Charged by exchanges for buying/selling; usually split into maker (adds liquidity, lower fee) and taker (removes liquidity, higher fee).
2. Withdrawal Fees – Charged when moving funds off the exchange; varies by asset and network.
3. Gas Fees – Common on blockchains like Ethereum; paid to miners/validators to process transactions.
4. Deposit Fees – Less common but can apply when transferring fiat or crypto to an exchange.
How I reduce costs:
I prefer limit orders to act as a maker, saving on trading fees.
I consolidate trades to avoid frequent transactions.
I avoid peak hours to minimize gas fees (especially on Ethereum).
I use exchanges with fee discounts for staking their native tokens (e.g., BNB on Binance).
I always compare withdrawal fees across exchanges before moving funds.
Optimizing your strategy can make a big difference, especially for frequent traders. Track your costs — small fees add up!
