#CryptoFees101 Understanding commissions in cryptocurrency trading is key to your profits. There are several important types:

🔸Trading commissions: What you pay to the exchange for each buy or sell. They vary according to volume; "maker" (adding liquidity) fees are usually cheaper than "taker" (removing liquidity) fees.

🔸Withdrawal fees: The charge for taking your cryptocurrencies from the exchange to your personal wallet.

🔸Network fees (Gas fees): The "toll" for processing your transaction on the blockchain (e.g., Ethereum), the cost of which fluctuates significantly with congestion.

To reduce these costs:

🔸Compare exchanges to find the best rates.

🔸Look for discounts, many offer lower prices if you use their tokens or if you trade frequently.

🔸Be strategic: group trades; small transactions with fixed fees can be expensive.

🔸Monitor the network: gas fees rise with congestion.

🔸Use limit orders: they are cheaper than market orders. Save on your trades!