#CryptoFees101 Crypto trading involves various fees that impact profitability. The most common are maker and taker fees, which apply when placing orders on an exchange. Maker fees are lower and apply when adding liquidity to the market, while taker fees are higher and charged for immediate order execution.
🟠 Other costs include withdrawal fees, which vary by exchange and blockchain network, and network fees, which depend on transaction congestion. Some platforms also impose deposit fees, though many offer free deposits for certain cryptocurrencies.
🟢 To optimize trades and reduce costs, traders can use limit orders to avoid taker fees, trade during periods of lower network congestion, and choose exchanges with competitive fee structures. Understanding fee dynamics helps traders maximize $ETH