#CryptoFees101 Fees in the world of cryptocurrency can be hidden but they significantly impact your profits. There are different types of fees such as Trading Fees, Withdrawal Fees, and sometimes Deposit Fees. These fees vary between platforms, for example, centralized exchanges (CEX) like Binance may offer discounts when using their native token, while decentralized exchanges (DEX) rely on network fees (Gas Fees) which can increase during times of network congestion. It is essential to understand the fee structure before choosing a platform or executing a trade. Minimize losses by selecting the right timing and platform to reduce costs.