#CryptoFees101 💸 Understanding Fees on #Binance

Navigating crypto fees can be confusing, but we’re here to break it down. On Binance, there are three main types of fees: trading fees, deposit/withdrawal fees, and network fees.

🔁 Trading Fees: Every time you buy or sell crypto, a small fee is charged. Binance offers some of the lowest trading fees in the industry—as low as 0.1%. You can reduce fees even more by using BNB (Binance Coin) to pay, saving up to 25%.

💰 Deposit Fees: Depositing crypto is free for most coins. For fiat deposits, fees vary depending on the payment method.

📤 Withdrawal Fees: These are charged to cover the cost of moving crypto from your Binance wallet to an external address. They vary by coin and network traffic, so always check the latest rates before withdrawing.

💡 Tip: Consolidate withdrawals and plan your trades smartly to reduce costs.

Binance is committed to transparency and low fees—helping you keep more of your crypto.

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