💸 Where do my coins disappear? Let's break down fees in crypto.
If you've ever sent or purchased crypto, you've definitely encountered fees. Sometimes it's just a few cents, and sometimes it's an unpleasant surprise. Let's figure out what types there are:
🔹 Network fees
– This is the payment to miners or validators for processing your transaction.
– For example, when transferring BTC or ETH, you pay in the coin itself.
– The amount depends on the network congestion (it can be expensive during peaks).
🔹 Exchange fees (CEX fees)
– For trades: purchases/sales (usually 0.1%–0.2%).
– For withdrawals — often a fixed amount, not a percentage.
– Binance offers discounts if you pay with BNB.
🔹 Swap fees (on DEX)
– DEX charges a percentage for token swaps, plus you pay gas fees.
– The more complex the swap route, the more expensive it is.
🧠 How to save?
– Use “favorite” exchange coins (BNB, OKB, UNI) — fees are lower.
– Trade during low traffic hours (at night/morning UTC).
– Accumulate and withdraw larger amounts of crypto — to avoid losing on frequent fees.
👉 Fees are part of the game, but if you understand their nature, you can save and stay one step ahead.
