#CryptoFees101 Understand the costs of transactions!

When trading cryptocurrencies, traders face different types of fees that can impact their profits. Knowing these costs is essential to optimize operations and avoid surprises.

Transaction fees: Paid to miners and

validators to process operations on the blockchain. They vary according to network congestion and type of consensus.

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