#CryptoFees101 Fees are a part of every crypto transaction. Understanding where they come from can help save money.

1. Types of fees

• Trading Fee

— Charged when buying/selling cryptocurrency on an exchange.

— On Binance: from 0.1%, with a discount when paying with BNB.

• Network Fees

— Paid to miners or validators for processing the transaction (depends on the network — Ethereum, BNB Chain, etc.).

— Not controlled by the exchange.

• Withdrawal Fee

— A fixed charge for transferring assets from the exchange to an external wallet.

2. Maker vs Taker

• Maker — creates an order that adds liquidity (usually lower fee).

• Taker — fulfills an existing order (often higher fee).

3. How to reduce costs?

• Paying fees in BNB = -25%

• Trading during low activity hours = less congestion, cheaper network fees

• Using L2 (e.g., Arbitrum, Optimism) for withdrawals

🧠 Tip: Before each transaction, check what fee is expected. It's a small detail that can lead to significant savings in the long run.