💥 Types of Crypto Fees 💥
1. Trading Fees 💥
These are the most common and are charged when buying or selling crypto on exchanges.
Maker Fee: Paid when you add liquidity to the order book (e.g., placing a limit order).
Taker Fee: Paid when you remove liquidity (e.g., placing a market order).
Taker fees are usually higher than maker fees.
2. Withdrawal Fees 💥
Charged when you move crypto out of an exchange wallet to a private wallet or another exchange.
Fixed amount regardless of size of withdrawal.
Can vary greatly by coin and exchange.
3. Deposit Fees 💥
Most exchanges don’t charge deposit fees, especially for crypto.
Some fiat deposits via card or bank transfer may incur fees.
4. Network Fees (Gas Fees) 💥
These go to miners/validators (not the exchange) and are required to process transactions on blockchain networks.
Ethereum gas fees can be especially high during network congestion.
Bitcoin network fees vary based on block size and traffic.
5. Swap/Conversion Fees 💥
When swapping one crypto for another (especially in wallets like MetaMask or Trust Wallet), fees may include:
Spread (difference between buy and sell price)
Service fee from the swap provider