#CryptoFees101 Commissions on cryptocurrency exchanges play the role of payment for the services that the exchange provides and allow it to function. They cover the costs of maintaining infrastructure, ensuring security, and other operational expenses.

Role of exchange commissions:

Profit for the platform:

Commissions are the main source of profit for cryptocurrency exchanges. They allow them to ensure their operation 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 wrongdoing:

The presence of commissions may deter those who attempt to use cryptocurrency exchanges for illegal activities, such as money laundering.