#CryptoFees101 💸 Fees in Crypto: Subtle but Painful
In crypto, fees are like mosquitoes: seemingly insignificant, but if you ignore them, they'll drain everything. Especially when you're chasing 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 higher than what you're sending.
3. Withdrawal Fee — this is where it hurts the most, when you 'locked in a profit', and then there's another $5 just to withdraw.
My personal top 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 some money)
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💬 If you've ever paid $6 in fees for a $4 transaction — hit like. Don't be shy, we've all been through this.