#TradingTools101 Crypto Fees Explained:
Crypto transactions often include several types of fees, depending on the platform and activity:
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1. Network Fees (Gas Fees):
Paid to blockchain miners/validators.
Ethereum has high gas fees, while Solana, Polygon, and Tron are cheaper.
Varies by network traffic.
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2. Exchange Fees:
Charged by platforms like Binance, CoinDCX, or Coinbase.
Trading Fee: Usually 0.1%–0.5% per trade.
Maker vs Taker Fee: Makers (limit orders) pay less than takers (market orders).
Deposit/Withdrawal Fee: Varies per coin and network. Crypto withdrawals (like USDT on ERC20 vs TRC20) have different costs.
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3. Conversion or Spread Fee:
Some apps add a hidden fee in the buy/sell price.
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4. Wallet Fees:
Wallets like Trust Wallet are free, but network fees still apply when sending tokens.
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Let me know which platform or coin you're using for exact fee details.