#TradingTools101 YOU ARE PAYING 5 TYPES OF CRYPTO FEES… AND #3 WILL SHOCK YOU! 💸**
Stop letting hidden fees TAKE ALL YOUR CRYPTO PROFITS! Here’s what exchanges *don’t* want you to know:
1️⃣ **NETWORK/GAS FEES** 🔥
"Invisible tax" paid to miners/validators.
- Bitcoin - Network fee (soaring to $50+ during chaotic times!)
- Ethereum: Gas fee (reached $200 during the NFT frenzy 😱)
- Solana: Nearly zero fees… but be cautious of scam meme coins!
2️⃣ TRANSACTION FEES 📉
Exchanges quietly embed these fees into ALL transactions:
- Maker Fee (0.05-0.10%): You add liquidity → pay LESS
- Taker Fee (0.10-0.25%): You take liquidity → pay MORE
👉 Pro tip: Always use limit orders to reduce fees!
3️⃣ **WITHDRAWAL FEES** 🚪💸
"Exit tax" to transfer crypto OUT of exchanges:
- Coinbase: $1-$30 (depending on the coin)
- Binance - 0.0005 BTC ($35!) for Bitcoin withdrawal transactions
- Kraken - Withdraw "Free"… but only for certain coins 😏