Understanding Crypto Fees #CryptoFees101

When trading or transferring crypto, understanding fees is crucial. There are three main types: trading fees, withdrawal fees, and network (gas) fees. Trading fees are usually a percentage (e.g., 0.1%) charged by the exchange for each buy/sell order. Withdrawal fees depend on the crypto and the network you use, and can vary widely. Gas fees are charged by the blockchain network (like Ethereum), not the exchange. Always compare fee structures between platforms, and consider using fee discounts from holding native tokens like BNB (for Binance). Managing fees smartly can improve your long-term profits. Stay informed!