#CryptoFees101

๐Ÿ’ธ What Are Crypto Fees?

Crypto fees are the costs you pay when performing activities in the crypto world, such as:

Sending coins or tokens

Trading on exchanges

Swapping on DEX

Staking, withdrawing, etc.

๐Ÿ“Š Types of Crypto Fees

1. ๐Ÿ” Trading Fees

Fees when you buy/sell crypto on exchanges (CEX/DEX)

Examples: Binance, Tokocrypto, Bybit, Uniswap

Usually 0.1% โ€“ 0.3% per transaction

DEXs like Uniswap can sometimes be more expensive

2. ๐Ÿšš Network Fees / Gas Fees

Fees for executing transactions on the blockchain network

Paid to miners or validators as a reward

Examples:

Ethereum: can be expensive during peak times (high gas fees)

BSC, Polygon, Solana: usually cheaper

DEXs like Uniswap (on Ethereum) require gas fees, not just trading fees

3. ๐Ÿ’ณ Withdrawal Fees

Fees for withdrawing assets from an exchange to a personal wallet

Each exchange has its own fee

For example: sending USDT from Binance to your wallet โ†’ incurs a USDT fee (amount depends on the network, such as TRC20, ERC20, etc.)

4. ๐Ÿงฑ Swap Fees (on DEX)

Fees when you swap tokens directly on DEX (like Uniswap, PancakeSwap)

Usually 0.3% for traders

Part of it goes to the liquidity provider

5. ๐Ÿ”’ Staking / Unstaking Fees

Sometimes there are fees when you stake or unstake certain coins

Not all staking has fees, depending on the platform

๐Ÿง  Tips to Save on Fees:

Use low-cost networks (BSC, Polygon, Solana)

Avoid transactions during peak network times (high gas fees)

On CEX, use native tokens for discounts (example: BNB on Binance)

Check fees before withdrawing from exchange to wallet.