#CryptoFees101

Here’s a Binance Square–style post for #CryptoFees101:

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💸 #CryptoFees101 — Where Do Your Fees Go?

Ever wondered why your crypto transaction didn’t go through… or why it cost more than expected? 🤔

Let’s break down the basics 👇

1️⃣ Network Fees (Gas Fees)

🔹 Paid to blockchain validators (e.g., Ethereum miners or stakers).

🔹 Higher when the network is congested.

🟡 Tip: Use off-peak hours for lower fees.

2️⃣ Exchange Fees

🔹 Charged by platforms for buying, selling, or swapping crypto.

🔹 Varies between makers (lower) and takers (higher).

🟡 Tip: Use limit orders to save on fees.

3️⃣ Withdrawal Fees

🔹 Fixed cost to move your crypto off the platform.

🟡 Tip: Withdraw in coins with low network fees (e.g., TRX, LTC).

4️⃣ Bridging & Swapping Fees

🔹 Applies when moving assets across chains or using DEXs.

🟡 Tip: Always check the total cost before confirming.

📉 Don’t let fees eat your gains.

A smart trader is a fee-conscious trader.

#CryptoTips #BinanceSquare #BlockchainBasics #DYOR #CryptoTrading