#CryptoFees101
Crypto fees vary depending on the platform, transaction type, and blockchain network. Here's a quick overview:
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🔹 Types of Crypto Fees
1. Trading Fees (Exchange Fees)
Charged when buying/selling crypto on exchanges (e.g., Binance, Coinbase).
Maker Fee: For orders that add liquidity (lower fee).
Taker Fee: For orders that take liquidity (slightly higher).
Typical Range: 0.01% – 0.5%
2. Withdrawal Fees
Charged when you move crypto out of an exchange to another wallet.
Fixed per token (e.g., 0.0005 BTC, 1 USDT).
Based on blockchain congestion.
3. Network Fees (Gas Fees)
Paid to miners/validators for processing transactions on a blockchain.
Ethereum: Can be high during congestion (measured in gwei).
Bitcoin: Fees vary based on transaction size and network activity.
Layer 2/Alternative Chains (e.g., Arbitrum, Solana): Much lower fees.