#CryptoFees101 Commissions in crypto: what are we paying for?

Breaking down basic concepts 💡

When you trade on an exchange, it's important to consider not only the price but also the commissions that can "eat up" part of your profit. Here are the main types:

🔹 Trading Fee — commission for a transaction (usually <1%).

🔹 Withdrawal Fee — for withdrawing funds from the exchange.

🔹 Network Fee (Gas) — fee for processing transactions on the blockchain.

💡 Tip:

On Binance, you can reduce the trading fee by paying with BNB. Also, keep an eye on promotions — there are often zero fees on certain pairs.