📊 #CryptoFees101 : Why Transaction Fees Matter?
Whether you're trading or sending coins, fees are always involved. But did you know that different platforms & networks = different costs, different strategies!
🔍 Types of Fees You Should Know:
1. Trading Fee – Fee when buying/selling crypto. Can be maker or taker.
2. Gas Fee – Fee to process transactions on the blockchain (Ethereum is notoriously expensive 🤯).
3. Withdrawal Fee – Fee when withdrawing crypto from an exchange to a personal wallet.
4. Slippage – Not a direct fee, but a loss due to price changes when an order is executed.
💡 Tips for Saving on Fees:
Use layer-2 networks (Arbitrum, Optimism).
Choose transaction times when the network is quiet.
Use BNB for fee discounts on Binance.
🧠 Don't let fees eat into your profits. Understand them first, then transact!
📚 Stay smart, stay profitable.
