#CryptoFees101 💸

Do you know how much you pay in fees for each crypto transaction? 🤔

Understanding trading fees is an essential part of managing your money wisely on Binance.

📌 Types of fees in crypto:

1. Trading Fees:

Charged when buying or selling cryptocurrencies. It depends on the type of order (Maker or Taker) and your account level.

2. Withdrawal Fees:

When transferring assets from Binance to an external wallet. It varies depending on the currency and the selected network.

3. Network Fees:

Paid to miners or validators when executing transactions on the blockchain, not to the Binance platform itself.

💡 How to reduce fees?

Use BNB to pay trading fees and get a discount.

Choose the most suitable and least expensive network when withdrawing.

Follow Binance updates on changes in fees and promotional offers.

Your understanding of fees = Smarter trading decisions and more profits! ✅

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