#CryptoFees101 š° Crypto Fees 101 ā What You Pay & Why It Matters
Understanding crypto fees can save you money and maximize profits. Hereās a quick breakdown:
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š¦ 1. Exchange Fees
⢠Trading fees: Charged per trade (usually 0.1ā0.3%)
⢠Maker vs Taker: Makers place limit orders (lower fee), takers use market orders (higher fee)
⢠Withdrawal fees: Fixed cost for moving crypto off the platform
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āļø 2. Network Fees (Gas)
⢠Paid to blockchain validators
⢠Varies by network load (ETH often high, BSC/Polygon cheaper)
⢠Tip: Use off-peak times or Layer 2s to save on gas
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š 3. Swap Fees
⢠DEXs (like Uniswap or PancakeSwap) charge swap fees (usually 0.3%)
⢠Part goes to liquidity providers
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š 4. Hidden Costs
⢠Slippage: Price change during trade execution
⢠Fiat on/off ramps: Banks and platforms may charge extra for deposits/withdrawals
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š” Pro Tip: Always check the fee structure before trading. Small fees add up fastāespecially with frequent trades.
Want a low-fee trading guide? Just ask!