👉🏻 Are you winning or losing? Hidden fees and commissions you should be aware of 👈🏻
⚙️ It is normal for exchanges to charge fees for using their services; that is how their business remains profitable. What we as users need to keep in mind is that they do not always clearly indicate these fees.
📎 For example, when we use the "convert" trading option to buy $BTC , it is common to see that the transaction fee is stated as zero. However, it is important to understand that even if there is no explicit fee charged, this does not mean that the transaction is completely free.
💣 In reality, the platform usually applies a margin on the exchange rate. This means that the rate at which the currency you are converting from is exchanged is always lower than the prevailing market rate at that moment. This margin becomes the true hidden fee that the user pays when performing the conversion. In other words, when you thought all of that was for you, they take a slice of your delicious birthday cake.
💸 Therefore, although the message of "zero fee" may seem attractive, it is crucial to be aware that platforms benefit from this differential in exchange rates, which can result in an additional cost for the user.
😫 This is why sometimes we think we are making a good deal, only to realize that we end up with the same capital or even incur losses.
👀 Observing the real conversion rate at the time of the transaction is crucial for us to make a good decision.
See you! 💜