#CryptoFees101

๐Ÿ’ฐ Understanding Crypto Fees โ€“ Quick Guide ๐Ÿ”

Crypto fees vary depending on the platform, transaction type, and coin. Here's a quick breakdown:

๐Ÿ”ธ Trading Fees: 0.05%โ€“0.5% per trade

๐Ÿ”ธ Deposit/Withdrawal Fees: Some platforms charge fiat withdrawal fees (e.g., โ‚น15), but crypto deposits are often free

๐Ÿ”ธ Funding Fees: Applied on futures trades โ€“ can be positive or negative

๐Ÿ”ธ Liquidation Fees: Up to 0.5% if your position is liquidated

๐Ÿ”ธ Membership Fees: Some platforms charge monthly fees unless you trade (e.g., 0.0001 BTC)

๐Ÿ”ธ Network Fees: Paid to the blockchain to process your transaction

๐Ÿ’ก Always check a platformโ€™s fee structure before trading!