#CryptoFees101

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

🔹 1. Network Fees:

These are commissions paid to miners or validators to confirm your transaction.

⬅️ Example: Gas Fee in Ethereum, which varies according to congestion.

🔹 2. Trading Fees:

Commissions when you buy or sell on platforms (Binance, OKX, etc.).

⬅️ It varies depending on whether you are a Maker or Taker.

🔹 3. Withdrawal Fees:

When you withdraw currency from a platform to an external wallet.

⬅️ Each currency and platform has its own pricing.

🔹 4. Funding Fees:

If you trade perpetual contracts, you will pay/receive funding based on market direction.

🔹 5. Hidden Fees:

Such as the price difference (Spread) between buying and selling.