#CryptoFees101 Crypto fees are the charges you pay when you perform transactions in the cryptocurrency world. Here's a breakdown of the main types of crypto fees and what they mean:
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🔹 1. Trading Fees
When? When you buy/sell/trade crypto on an exchange (like Binance).
Types:
Maker Fee: If your trade adds liquidity (e.g., a limit order).
Taker Fee: If your trade takes liquidity (e.g., a market order).
Typical range: 0.1% – 0.5% (can be lower with discounts like holding BNB on Binance).
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🔹 2. Withdrawal Fees
When? When you move crypto from an exchange to your personal wallet.
Fixed Fee: Charged in the crypto you are withdrawing (e.g., 0.0005 BTC).
Depends on: The network (Bitcoin, Ethereum, etc.) and its congestion.
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🔹 3. Network/Gas Fees
When? When you send crypto from one wallet to another (not on exchanges).
Who gets it? Paid to miners or validators for processing your transaction.
High on: Ethereum (especially during congestion).
Low on: Solana, Polygon, BSC, etc.
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🔹 4. Deposit Fees
Most exchanges don’t charge for crypto deposits, but some do for fiat money (like INR, USD via UPI, bank).
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🔹 5. Other Hidden Fees
Slippage: The price changes between when you place and execute a trade.
Spread: The small difference between the buying and selling price of a coin.
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✅ Example:
If you buy Bitcoin on Binance:
Trade Fee: 0.1% of the amount.
Withdrawal Fee: E.g., 0.0002 BTC.
Network Fee: Already included in withdrawal fee.
