#CryptoFees101 💸 Cryptocurrency Fees: What Are We Paying For?

Breaking Down Basic Concepts 💡

When you trade on an exchange, it's important to consider not only the price but also the fees that can "eat" into your profits. Here are the main types:

🔹 Trading Fee — the fee for a transaction (usually <1%).

🔹 Withdrawal Fee — for withdrawing funds from the exchange.

🔹 Network Fee (Gas) — the fee for processing transactions on the blockchain.

💡 Tip:

On Binance, you can reduce your trading fee if you pay in BNB. Also, keep an eye out for promotions — there are often zero fees for certain pairs.

📊 Consider fees for any operation — especially if you trade often or in small amounts.

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