#CryptoFees101 #CryptoFees101 explains the different types of fees you may encounter when trading, transferring, or holding cryptocurrencies. Understanding these costs is essential for effective portfolio management.

Trading Fees: Charged by exchanges when you buy or sell crypto. These are usually a percentage of the trade (e.g., 0.1%–0.5%) and may vary for market makers vs. takers.

Withdrawal Fees: Applied when moving crypto from an exchange to a wallet. These can be fixed (set by the exchange) or variable (based on network congestion).

Network (Gas) Fees: Paid to miners or validators for processing transactions on blockchains like Ethereum or Bitcoin. These fluctuate depending on traffic and complexity.

Deposit Fees: Some platforms charge when funding accounts, especially with fiat currencies.

Hidden/Spread Fees: The difference between buy and sell prices (spread) can act as an indirect fee.

Always review a platform’s fee structure before trading, as these costs can significantly impact your profits over time.