#CryptoFees101 #CryptoFees101 โ€“ Donโ€™t Let Fees Eat Your Gains

Every crypto trade comes with a cost. Understanding fees helps you maximize profits and avoid hidden losses.

๐Ÿ”น Trading Fees:

Charged by exchanges when you buy or sell. Usually around 0.1%โ€“0.25% on platforms like Binance. Lower if you use native tokens (e.g., $BNB).

๐Ÿ”น Withdrawal Fees:

Pay to move crypto off an exchange. Varies by coin โ€” $BTC is usually higher, while $LTC or $XRP are cheaper.

๐Ÿ”น Gas Fees (on Ethereum):

Pay to interact with smart contracts. Can spike during network congestion. Use Layer 2 or alternative chains like Polygon for cheaper options.

Smart traders watch the markets โ€” smarter ones watch the fees.

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