#CryptoFees101

Commissions on cryptocurrency exchanges play a role in payment for the services provided by the exchange and allow it to operate. They cover the costs of maintaining infrastructure, ensuring security, and other operational expenses.

Role of commissions in cryptocurrency exchanges:

Profit for the platform:

Commissions are the main source of income for cryptocurrency exchanges. They allow them to sustain their operations and development.

Ensuring functionality:

Payment of commissions helps cryptocurrency exchanges cover the costs of maintaining infrastructure, ensuring security, and other operational expenses.

Market discipline:

Commissions can encourage more cautious and strategic decision-making regarding trading, as they add a cost factor to each transaction.

Protection against wrongful actions:

The presence of commissions can deter those attempting to use cryptocurrency exchanges for wrongful actions, such as money laundering.