Crypto Fees 101: What Every Trader Should Know
Understanding crypto fees is essential for maximizing your profits and minimizing surprises. On Binance, there are three main types of fees:
1. Trading Fees – Charged when buying or selling crypto. Binance uses a maker-taker model with discounts available when paying with BNB.
2. Withdrawal Fees – Fixed fees for transferring crypto to an external wallet, varying by asset and network.
3. Network Fees (Gas Fees) – Paid to blockchain miners or validators for processing transactions, especially on Ethereum and other smart contract networks.
Fees can change based on network congestion and trading volume. Always check the fee structure before placing a trade or withdrawal. Smart fee management helps you trade more efficiently and retain more of your gains.
