#CryptoFees101
š„ **YOU'RE PAYING 5 TYPES OF CRYPTO FEES⦠AND #3 WILL SHOCK YOU! šø**
Stop letting hidden fees DEVOUR your crypto profits! Hereās what exchanges *donāt* want you to know:
1ļøā£ **NETWORK/GAS FEES** š„
The "invisible tax" paid to miners/validators.
- Bitcoin - Network fees (spikes to $50+ during chaos!)
- Ethereum: Gas fees (hit $200 during NFT mania š±)
- Solana: Near-zero fees⦠but watch for meme coin rugs!
2ļøā£ TRADING FEES š
Exchanges sneak these into EVERY trade:
- Maker fees (0.05-0.10%): You add liquidity ā pay LESS
- Taker fees (0.10-0.25%): You take liquidity ā pay MORE
š Pro tip: Always use limit orders to slash fees!
3ļøā£ **WITHDRAWAL FEES** šŖšø
The "exit tax" to move crypto OFF exchanges:
- Coinbase: $1-$30 (depends on coin)
- Binance - 0.0005 BTC ($35!) for Bitcoin withdrawals
- Kraken - "Free" withdrawals⦠but only for some coins š
4ļøā£ DEPOSIT FEESš¦
Rare⦠but deadly when they strike:
- Fiat deposits - 3-5% on platforms like eToro
- Crypto deposits - Usually free⦠unless itās a shady exchange!
ā” SHOCKER- 60% of traders lose MORE to fees than bad trades! š¤Æ
š DO THIS NOW
- Trade during LOW congestion (check gas.tracker!)
- Use DEXs like Uniswap for NO withdrawal fees
- Hold fee-free coins (Nano, IOTA, XLM)
SHARE this to save a crypto newbie from fee hell!
LIKE if youāve been burned by hidden fees!
FOLLOW for more profit-rescuing hacks! š„