#CryptoFees101

Understanding crypto fees is a must for every trader. These fees can reduce your profits if you're not careful. There are mainly three types of fees: trading fees, withdrawal fees, and deposit fees (which are rare nowadays). Trading fees are charged when you buy or sell crypto on an exchange. They are usually a small percentage like 0.1%, but they add up quickly with high volume.

Some platforms reduce fees if you use their native token—like using BNB on Binance. You should also understand the difference between maker and taker fees. Makers usually pay lower fees because they provide liquidity.

Before making a trade or transferring your crypto, always check the fee schedule. A smart trader always includes fees in their strategy. Remember, even 1% saved on fees is extra profit earned.