#CryptoFees101 💸 Why do you have fewer coins after the transaction? It's the fees.

Yes, fees are the payment for convenience and security on the network. But not everyone understands how they work.

Here's a brief overview:

🔹 Trading fee - charged when buying/selling on the exchange.

🔹 Network fees (gas) - you pay for sending crypto or interacting with a contract. Especially in networks like Ethereum.

🔹 Withdrawal fees - a fixed amount is also charged for withdrawing to a wallet.

⚡ Life hack: you can reduce fees! For example, activate BNB for payment - this gives you a discount on Binance.

💡 The more you trade - the more you save if you understand the fees.

Keep track, calculate, and don't lose extra!