#CryptoFees101 Understanding fees in cryptocurrency trading is the foundation of effective investing. Beginners often do not realize that each transaction can incur various costs. The most common fees are trading fees, which are commissions charged by exchanges for buying and selling. They can range from 0.1% to even 1% of the transaction value, depending on the platform and trading volume.

Another type is withdrawal fees – each exchange has its own pricing, and fees can vary depending on the chosen cryptocurrency. For example, withdrawing Bitcoin may cost more than withdrawing USDT.

In the case of decentralized exchanges (DEX), network fees (gas fees) are also important, especially in networks like Ethereum. High fees during peak hours can significantly reduce profits from transactions.

Understanding and consciously managing fees is an important element in building an effective investment strategy.