#CryptoFees101 💸 Understand Costs in Crypto Trading: Don't Let Your Profits Erode! 📉📈
When trading crypto, fees are something you must pay attention to. Many beginner traders forget to calculate them, but small fees can erode large profits if not managed well.
🔹 Trading Fee: The cost every time you buy/sell an asset. It can vary depending on the platform and your trading volume.
🔸 Withdrawal Fee: The fee when withdrawing assets to another wallet. Each coin has a different fee.
🔹 Network Fee (Gas Fee): Common on blockchains like Ethereum or Bitcoin. It depends on network congestion.
🔸 Slippage & Hidden Fee: The difference between execution price vs expected price — this can also be an indirect cost!
Cost-saving tips: Use exchanges with low fees, take advantage of 0% fee promotions, and avoid transactions during high network congestion.
Being wise in calculating costs = more efficient in generating profits! 🔍💰
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