#CryptoFees101 Understanding Cryptocurrency Fees Simply

Inside the crypto world, every click costs! Before you start trading or transferring, you need to know the types of fees you will face:

๐Ÿ”น 1. Network Fees:

This is a commission paid to miners or validators to confirm your transaction.

โฌ…๏ธ For example: Gas Fee in Ethereum, which varies based on congestion.

๐Ÿ”น 2. Trading Fees:

Commission when you buy or sell on exchanges (Binance, OKX, etc.).

โฌ…๏ธ Varies depending on whether you are a Maker or Taker.

๐Ÿ”น 3. Withdrawal Fees:

When you withdraw currency from an exchange to an external wallet.

โฌ…๏ธ Each currency and exchange has its own pricing.