#CryptoFees101
๐ฐ Understanding Crypto Fees โ Quick Guide ๐
Crypto fees vary depending on the platform, transaction type, and coin. Here's a quick breakdown:
๐ธ Trading Fees: 0.05%โ0.5% per trade
๐ธ Deposit/Withdrawal Fees: Some platforms charge fiat withdrawal fees (e.g., โน15), but crypto deposits are often free
๐ธ Funding Fees: Applied on futures trades โ can be positive or negative
๐ธ Liquidation Fees: Up to 0.5% if your position is liquidated
๐ธ Membership Fees: Some platforms charge monthly fees unless you trade (e.g., 0.0001 BTC)
๐ธ Network Fees: Paid to the blockchain to process your transaction
๐ก Always check a platformโs fee structure before trading!