#CryptoFees101

YOU NEED TO KNOW

💸 #CryptoFees101: What every user should know

In the crypto ecosystem, fees are a key aspect that affects both traders and investors. There are mainly two types:

🔁 Trading fees: These apply when buying or selling cryptocurrencies on an exchange. On centralized platforms (CEX), these fees usually vary depending on whether you are a maker (providing liquidity) or a taker (withdrawing liquidity). Generally, takers pay more.

🔗 Network fees (gas): These appear when interacting with blockchains like Ethereum or Bitcoin. These fees compensate validators for processing and confirming transactions. During times of high congestion, they can spike.

📌 Key advice: Always check the fees before trading. Using more economical networks (like Polygon or Arbitrum) or choosing the right moment for transfers can save you quite a bit.