#CryptoFees101

💸 #CryptoFees101

🔍 What are crypto fees and why do they matter?

In the world of digital currencies, fees can be the difference between a profitable and a losing trade. There are three main types:

1. Trading Fees: Deducted when executing orders, varying between market makers and takers.

2. Withdrawal Fees: Charged when transferring assets from one platform to another or to your wallet.

3. Network Fees: Such as gas fees in Ethereum or transfer fees in Bitcoin.

💡 Tip: Using the platform's token like BNB may reduce fees, and timing withdrawals during less active periods may lower costs.