#CryptoFees101 Ever made a trade and wondered "Where did a portion of my funds go?" Welcome to #CryptoFees101—your crash course on understanding crypto fees and how to minimize them.
🔍 What Are Crypto Fees?
Fees are the small costs associated with trading, transferring, or using crypto. Knowing how they work helps you trade smarter and save more.
🔹 1. Trading Fees (on CEXs like Binance)
Every time you buy or sell, you pay a maker or taker fee.
Maker = You add liquidity (limit orders)
Taker = You take liquidity (market orders)
💡 Pro Tip: Makers usually pay lower fees than takers.
🔹 2. Network Fees (Gas Fees)
Charged by the blockchain when sending crypto or using smart contracts.
Ethereum gas fees can be high during congestion
BNB Chain, Solana, and others offer lower-cost alternatives
🔹 3. Withdrawal Fees
When you transfer crypto out of an exchange, a small fee covers the network transaction.
🔹 4. Swap/Conversion Fees (on DEXs)
Swapping tokens on platforms like Uniswap or PancakeSwap includes both a platform fee and gas costs.
🧠 Tips to Reduce Fees:
✅ Use limit orders when possible
✅ Trade on low-fee networks (e.g., BNB Smart Chain)
✅ Check fee schedules on your exchange
✅ Consider holding platform tokens (e.g., BNB) for discounts
Every satoshi counts. Make your crypto work harder by keeping fees low and awareness high.
Trade smart. Save more.