#CryptoFees101 💸 #CryptoFees101: What are the types of fees in crypto?

When you trade or simply send cryptocurrency, it’s important to know what you are paying for. Here’s a short guide to the main types of fees:

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🔹 1. Trading Fee

This is the fee for each buy or sell transaction on the exchange.

On Binance:

• Maker Fee — for creating an order

• Taker Fee — for immediate execution of an order

Discounts apply when paying with BNB or increasing trading volume.

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🔹 2. Withdrawal Fee

Each network has its own transaction cost.

For example:

• ETH: usually more expensive

• TRON or BNB Chain — significantly cheaper

📌 Always choose the network with the optimal fee before withdrawing!

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🔹 3. Network Fee

This is the fee paid to miners or validators for processing the transaction.

This fee does not go to Binance — it depends on the network (for example, Bitcoin or Ethereum).

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🔹 4. Conversion Fee

When you exchange one currency for another using the Convert function, a small margin (spread) may be charged.

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💡 Tip:

✅ Use BNB to pay fees — you’ll get a discount of up to 25%

✅ Check the fee amount before confirming — especially when withdrawing!

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🧠 Knowing the fees is not a trivial matter. It’s your path to more efficient trading and savings.