#CryptoFees101

What are trading fees?

Trading fees are the amounts charged by cryptocurrency trading platforms for executing transactions and providing liquidity. These fees are considered the main source of income for platforms and vary in value and calculation methods from one platform to another.

## Main Types of Trading Fees

### 1. Flat Fees

* **Definition**: A fixed fee charged on every transaction regardless of its size

* **Advantages**: Easy to understand and calculate

* **Disadvantages**: Can be expensive for traders with small transactions

### 2. Percentage Fees

* **Definition**: A percentage of the transaction value

* **Advantages**: Fairer as the fees are related to the trading volume

* **Example**: A fee of 0.1% means paying $1 for every $1000 transaction

### 3. Maker-Taker Fees

* **Maker**: The trader who adds liquidity to the market by placing limit orders

* **Taker**: The trader who consumes liquidity by executing market orders