#CryptoFees101 Commissions in crypto: what are we paying for?

Explaining basic concepts 💡

When you trade on an exchange, it is important to consider not only the rate but also the commissions that can "eat up" part of the profit. Here are the main types:

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

🔹 Withdrawal Fee — for withdrawing funds from the exchange.

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

💡 Tip:

On Binance, you can reduce the trading fee if you pay in BNB. Also, keep an eye on promotions — there are often zero commissions on certain pairs.