💸 #CryptoFees101 — Crypto fees can eat away your profits if you don't understand them well! ⚠️📉
When you operate in the crypto world, fees are everywhere: when buying, selling, trading, sending funds, or interacting with smart contracts. Knowing the different types of fees is key to maximizing your profitability 📊🚀
🔁 Trading fees: Exchanges charge for each transaction. In centralized exchanges like Binance, they tend to be lower, but in decentralized exchanges like Uniswap, they can vary depending on liquidity and the network.
⛓️ Network fees (gas fees): Especially on blockchains like Ethereum, you can pay more in gas than in the transferred amount if the network is congested. That's why many prefer networks like BSC, Polygon, or Arbitrum for their low costs 🛠️
📈 Slippage: It's not a direct fee, but it's a price difference that occurs when you execute an order. It happens more in markets with low liquidity and high volatility.
✅ Tip: Always check the fees before confirming a transaction. Use fee calculators and plan your moves when the network is less congested.
💬 Do you have strategies to save on fees? Share them with the community using #CryptoFees101! 🧠📉🔐