#CryptoFees101 #CryptoFees101 Crypto Fees 101 💸
Understanding how fees work in crypto is essential for maximizing profits and avoiding surprises. Here is a quick summary of the most common crypto fees you will encounter:
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🔁 1. Trading Fees
These are the fees charged when you buy or sell cryptocurrency on an exchange.
Maker Fee: When you place a limit order that is not immediately filled (adding liquidity).
Taker Fee: When you place a market order or fill an existing order (reducing liquidity).
Range: Typically 0.1% – 0.5%, but varies by exchange (Binance, Coinbase, etc.).
👉 Pro Tip: Some exchanges offer fee discounts if you hold their native tokens (e.g., BNB for Binance).
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🏦 2. Deposit & Withdrawal Fees
Deposit Fees: Usually free for crypto,