#CryptoFees101 Before diving into crypto trading, it's important to understand the different types of fees that can eat into your profits. Here are a few key ones:

Trading Fees: Most platforms charge a fee for each trade you make. This can either be a flat rate or a percentage of the transaction.

Withdrawal Fees: When you transfer your crypto to an external wallet, there’s often a fee for the withdrawal. It can vary depending on the cryptocurrency and the platform.

Network Fees (Gas Fees): For cryptocurrencies like Ethereum, network fees are required to process transactions. These can fluctuate based on network congestion.

Spread Fees: Some exchanges might not charge direct trading fees but instead make money from the difference between buying and selling prices, called the spread.

Understanding these fees is crucial to avoid unexpected costs. Have you considered how these fees might impact your profits over time?

#CryptoFees101