#CryptoFees101
Are you paying more than you should?
Let's explore together the types of fees in the crypto world 👇
1️⃣ Trading Fees:
This is the percentage deducted when buying or selling currencies. Some platforms reduce it when using their native coin like BNB on Binance.
2️⃣ Withdrawal Fees:
Each network has its own fees. Withdrawing on the BEP20 network is cheaper than ERC20, for example!
3️⃣ Network Fees:
Paid to miners or validators to confirm your transaction. It varies depending on network congestion.
🎯 Tips to reduce fees:
✔ Use cheaper networks like BEP20
✔ Monitor network congestion before withdrawing
✔ Use BNB to lower trading fees on Binance
💡 Every riyal counts, so be smart with your fees!
Follow us and comment with 'done' for more smart tips 💼🚀