1. Trading Fees
Fees charged when you buy/sell crypto assets on an exchange.
Maker Fee: When you create an order that does not immediately match (e.g., limit order). Usually cheaper.
Taker Fee: When you take liquidity from the order book (e.g., market order). Usually more expensive.
> ๐ก Example: Binance charges a 0.1% fee for maker/taker, which can be cheaper if you pay with BNB.
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2. Network Fees / Gas Fees
Fees paid to the blockchain network to process transactions.
Example of network fees:
Blockchain Average Fee Caused By
Ethereum High (can be tens of $) Contract complexity & network congestion
Bitcoin Medium Transaction size & network traffic
Solana Low (cents < $0.01) Blockchain design efficiency
Polygon Low Layer 2 of Ethereum
> ๐ ๏ธ These fees are paid in the native coin of the respective network (ETH, BTC, SOL, etc.).
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3. Withdrawal Fees
Fees charged by the exchange when you send crypto to a personal wallet.
Can be flat or network-based.
Example: Binance may charge 0.0005 BTC for Bitcoin withdrawal.
> โ ๏ธ Fees can vary greatly depending on the chosen network (e.g., USDT on ERC-20 vs TRC-20 vs BEP-20).
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4. Swap Fees
When you swap tokens on a Decentralized Exchange (DEX) like Uniswap or PancakeSwap.
There is a fee for liquidity providers (usually 0.3%)
Plus network gas fee
> ๐ Swapping on cheap networks (like Arbitrum, Polygon) can save costs.
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5. Staking Fees
If you stake on third-party platforms (like Lido or exchanges), they may take a cut from your rewards.
Example: Lido takes ~10% from your ETH rewards.
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6. Hidden Fees
Slippage: The difference between the order price and the execution price.
Price Markup: On some swap platforms, the token price may be marked up behind the scenes.
Spread: The difference between the buy and sell price on exchanges (especially on smaller exchanges).
