#CryptoFees101 💸 : Everything you need to know about crypto fees!

When you make a transaction on a crypto platform, you often pay fees. Understanding these fees allows you to better manage your investments and avoid surprises.

🔍 What are the common types of fees?

1. Trading fees

➡️ Charged when buying or selling crypto. They vary depending on whether you are a maker (order creator) or a taker (order taker).

2. Deposit/withdrawal fees

➡️ Some exchanges charge fees for depositing or withdrawing crypto or fiat currencies.

3. Network fees (gas fees)

➡️ Paid to miners/validators for processing transactions on the blockchain, especially on Ethereum.

4. Conversion fees

➡️ Applied when exchanging between different cryptocurrencies or currencies.

📊 How to optimize them?

✅ Check the fees before each operation

✅ Use pairs with high liquidity

✅ Take advantage of discounts offered by certain platforms if you use their native token

💬 And you, how do you manage crypto fees on a daily basis? Share your experience in the comments! 👇