#CryptoFees101 Here is a short guide #CryptoFees101 — what you need to know about fees in cryptocurrency:
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💸 1. Trading Fees
• Paid to the exchange for buying/selling crypto.
• Types:
🔹 Maker — you add a limit order → lower fee
🔹 Taker — you take from the book → higher fee
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🔁 2. Withdrawal Fees
• For transferring crypto from the exchange to a wallet.
• Fixed or varying depending on the network (for example, BTC > TRX).
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🌐 3. Network Fees / Gas Fees
• Payment to miners/validators for processing transactions.
• Depends on the blockchain:
🔹 Ethereum → high
🔹 Solana, Tron → low
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💼 4. Hidden Fees
• Hidden in exchange rates or spreads.
• Avoid by using transparent platforms.
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📌 Tip: Always check the type of fee, amount, and network before a transaction to avoid losing more than you expect.