Yes, fees are deducted when you buy or sell a coin on most cryptocurrency exchanges. Here's how it works:
1. Buy Order (Buying a Coin):
You pay a trading fee (usually a percentage of the transaction amount).
Example: If you buy $100 worth of Bitcoin and the fee is 0.1%, you pay $0.10 as a fee.
2. Sell Order (Selling a Coin):
Same: a trading fee is deducted from the amount you receive after selling.
Example: You sell $100 of Bitcoin with a 0.1% fee — you get $99.90.
Fee Types:
Maker Fee: If you place a limit order that adds liquidity.
Taker Fee: If you place a market order that removes liquidity (usually slightly higher).
Always check your exchange’s fee structure for exact rates.
Yes, **fees are deducted** when you **buy or sell a coin** on most cryptocurrency exchanges. Here's how it works:
### 1. **Buy Order (Buying a Coin):**
* You pay a **trading fee** (usually a percentage of the transaction amount).
* Example: If you buy \$100 worth of Bitcoin and the fee is 0.1%, you pay \$0.10 as a fee.
### 2. **Sell Order (Selling a Coin):**
* Same: a **trading fee** is deducted from the amount you receive after selling.
* Example: You sell \$100 of Bitcoin with a 0.1% fee — you get \$99.90.
### Fee Types:
* **Maker Fee:** If you place a limit order that adds liquidity.
* **Taker Fee:** If you place a market order that removes liquidity (usually slightly higher).
**Always check your exchange’s fee structure** for exact rates.