#CryptoFees101 #CryptoFees101

When trading cryptocurrencies, traders face different types of fees that can impact their profits. Understanding these costs is essential for optimizing operations and avoiding surprises.

Transaction fees: Paid to miners and validators to process transactions on the blockchain. They vary according to network congestion and type of consensus.

Trading fees: Exchanges charge amounts for buying and selling assets. Makers (those who add liquidity) pay less than takers (those who withdraw liquidity).

Withdrawal fees: Applied when transferring cryptos to external wallets or converting to fiat currency.

Understanding these fees helps reduce costs and improve trading strategies!