#CryptoFees101
Think you're making gains? Not if fees are eating your profits. Here's what you need to know about crypto fees before your next trade.
🔹 Trading Fees – Charged when you buy/sell on exchanges.
▫ Maker Fee = You add liquidity (limit orders). Usually cheaper.
▫ Taker Fee = You take liquidity (market orders). Usually higher.
🔹 Withdrawal Fees – Charged when you move crypto off an exchange. Varies a lot by coin and platform. Always double-check.
🔹 Gas Fees – Mostly on Ethereum. Paid to process transactions on the blockchain.
▫ High during congestion = 🧨
▫ Use Layer 2 (like Arbitrum/Optimism) to save 💰
🔹 Network Fees ≠ Exchange Fees – Yes, sometimes you pay both.
📉 Tip: Fees add up fast. Use limit orders, batch transactions, and compare exchanges to save more.
Understanding fees is just as important as understanding charts.
Drop a 🧮 if you've ever been surprised by a ridiculous withdrawal fee.
#CryptoTrading #DeFi #CryptoTips #EthereumGasFees #Binance #Coinbase #Web3Education