#CryptoFees101 💸 Where does your money go during every crypto transaction?
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This is not magic. These are fees, and here’s what you need to know:
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🔹 Gas fees (Ethereum)
— Payment for the network's computing resources. During peak hours — they can 'eat' your profit.
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🔸 Trading fees (on exchanges)
— Binance, Bybit, OKX charge 0.1%–0.2% for transactions. Even more for margin trading.
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🔹 Withdrawal fees
— Fixed or variable. For example, withdrawing USDT via Ethereum is expensive, while via Tron is cheap.
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⚖️ Tip: always factor in fees in your strategy — they determine whether you are in profit or in loss.