#CryptoFees101
Ah, crypto fees — those sneaky little charges that quietly chip away at your profits if you’re not paying attention. If ignored, they can drain your earnings faster than you realize.
Here’s what you need to keep an eye on:
Trading Fees: Every time you buy or sell, there’s a fee. Centralized exchanges (CEXs) differ, while DEXs can be cheaper — unless gas fees spike.
Withdrawal Fees: Some platforms charge hefty amounts just to move your crypto. Always double-check before hitting that withdraw button.
Gas Fees: Especially on Ethereum, gas can get crazy during peak times. Try transacting when network activity is low to save on fees.
Hidden Fees: Look out for sneaky extras like price spreads or markups — like those unexpected “service charges” on your restaurant bill.
A little awareness goes a long way. Stay sharp, do your homework, and keep more of those hard-earned profits in your pocket where they belong!