$BTC Are you winning or losing? Hidden fees and commissions you should be aware of ๐๐ป
โ๏ธ It is normal for exchanges to charge fees for the use of their services; thatโs how their business stays profitable. What we as users need to keep in mind is that they do not always indicate these fees clearly.
๐ For example, when we use the "convert" trading option, it is common to see that the fee for the transaction is stated as zero. However, it is important to understand that even if no explicit fee is charged, this does not mean the transaction is completely free.
๐ฃ 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 market rate at that moment. This margin becomes the true hidden commission that the user pays when making the conversion. In other words, when you thought all of that was for you, they take a slice of your delicious birthday cake.