#CryptoFees101
💸 Fees in crypto: unnoticed, but painful
In crypto, fees are like mosquitoes: seemingly trivial, but if ignored, they will drain everything. Especially when you’re moving small amounts 100 times a day (yes, I’m talking about myself).
📌 Three types of fees that have definitely bitten you:
1. Exchange fee — bought, sold, forgot to check → minus a couple of bucks.
2. Gas Fee — especially on Ethereum: sometimes the fee is more expensive than what you are sending.
3. Withdrawal fee — this is the most painful part, when you “locked in profits”, and then it costs another 5 dollars just to withdraw.
My personal tips for saving: — Use BNB for fees on Binance
— Don’t trade with leverage when your profit is less than the fee
— And don’t forget: withdrawing USDT on TRC20 is cheaper than on ERC20 (if you didn’t know — you’ve already saved)
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💬 If you too once paid $6 in fees for a $4 transaction — hit like. Don’t be shy, we’ve all been through this.