💸🔍 #CryptoFees101 Where does your money go when you make a transaction? 🤔📲
If you've ever wondered why you send $100 in crypto and only $98 arrives... Welcome to the world of crypto fees! ⚙️📉 Understanding them is key to not losing more than necessary.
🔹 Most common types of fees:
1️⃣ Gas Fees (Ethereum, etc.) ⛽
Cost for using the network. They can vary greatly depending on the congestion of the blockchain.
🧠 Tip: Avoid trading during peak hours.
2️⃣ Trading Fees 📊
Exchanges (like Binance or Coinbase) charge a % for each buy or sell.
🟢 Maker: you place a new order → lower fee.
🔴 Taker: you execute an existing order → higher fee.
3️⃣ Withdrawal Fees 🚪💰
Charge for withdrawing your funds from the exchange to your wallet. Each crypto has a different fee.
4️⃣ Slippage 🔄
Loss due to the difference between the expected price and the actual price when executing an order. Very common in volatile markets.
💡 Tips for saving:
✔️ Use networks with low fees (like Solana or Polygon).
✔️ Group transactions when you can.
✔️ Compare exchanges.
✔️ Consider using DEXs with transparent fees.
📢 Don't let fees eat into your profits! Learn to calculate them before each move 🔍💼