Tagar #CryptoFees101 is an educational term often used to explain
📘 What is #CryptoFees101?
#CryptoFees101 = A basic guide to understanding various types of fees in the crypto world, whether when buying, selling, transferring, or using DeFi (Decentralized Finance) services.
💸 Types of Fees in the Crypto World
1. Trading Fee
Fee when you buy/sell coins on an exchange (such as Binance, Bybit, Indodax)
Typically:
0.1% – 0.2% per transaction
Can be cheaper if using the exchange's native token (e.g., BNB on Binance)
There are two types:
Maker: place an order, cheaper
Taker: take an order, more expensive
2. Withdrawal Fee
Fee for withdrawing crypto from an exchange to another wallet
The amount depends on the type of coin and network:
BTC: can be expensive (due to a congested blockchain)
USDT: cheaper if using the TRC20 network compared to ERC20
3. Network Fee (Gas Fee)
Fee paid to the blockchain network to process transactions
Example:
Ethereum (ERC20): can be expensive, especially during network congestion
Solana, BNB Smart Chain: cheaper
Not controlled by the exchange
4. Slippage / Spread
Price difference when your order is processed vs market price
The more volatile the market, the larger the slippage
On DEX (decentralized exchange), you can set slippage tolerance
5. Hidden Fees / Markup
Sometimes occurs when you buy crypto using a debit/fiat card
Exchanges or third parties raise the price behind the scenes (markup)
Always check market rates and compare
🧠 Cost-Saving Tips
✅ Use cheap networks (e.g., TRC20 for USDT)
✅ Trade as a “maker” if possible
✅ Avoid small repeated transactions on expensive networks
✅ Use wallets and DEX with low gas fees
✅ Monitor the network, avoid peak hours on the blockchain
📌 Simple Example
You send 100 USDT from Binance to another wallet:
Withdrawal fee: 1 USDT (e.g., on TRC20 network)
Network fee: already included above
So you receive: 99 USDT
🧾 Conclusion
#CryptoFees101 teaches you that:
"Every click can have a cost. Understand first before silently losing."
