#CryptoFees101

Let's break down crypto fees and how to save on them.

*Main Fee Types:*

- *Trading Fees*:

- *Maker Fees*: Cheaper fees for limit orders, where you set the price and wait for a match.

- *Taker Fees*: More expensive fees for market orders, where you buy or sell at the current market price.

- *Network (Gas) Fees*: Paid to blockchain miners or validators for processing transactions. These fees can be high on Ethereum but lower on Layer 2 networks like Arbitrum.

- *Withdrawal Fees*: Charged by exchanges when moving crypto out of the platform.

- *Swap Fees (DeFi)*: Charged by decentralized exchanges (DEXs) like Uniswap, typically around 0.3%.

- *Spread Cost*: The difference between the buy and sell price.

*How to Save on Fees:*

- *Use Limit Orders*: Become a maker to reduce fees.

- *Trade on Low-Fee Exchanges*: Choose exchanges with competitive fee structures.

- *Hold Exchange Tokens*: Many exchanges offer discounts for holding their tokens, like BNB or KCS.

- *Use Layer 2 Networks*: Reduce gas fees by using Layer 2 networks.

- *Trade During Low Congestion Times*: Fees can be lower when the network is less congested.

- *Use DEX Aggregators*: Platforms like 1inch can help you find the best rates ¹.