💸 Understanding Crypto Fees: A Quick Guide 💸
Thinking of trading crypto? Don't ignore the fees! Here's what you really pay for:
🔹 Network Fees (Gas Fees) – Paid to miners/validators (especially on Ethereum). Varies with network traffic.
🔹 Exchange Fees – Charged by platforms like Binance, Coinbase, etc. Often a % of trade.
🔹 Withdrawal Fees – Charged when moving funds off an exchange. Can differ by coin.
🔹 Slippage – Hidden cost when market price moves before order completes.
💡 Pro Tip: Use limit orders to avoid slippage & choose exchanges with transparent fee structures.
Know your costs before you invest! 🚀
#CryptoFees101 #CryptoTips #BlockchainBasics
