$BTC CryptoFees101 Crypto fees vary widely depending on the platform, transaction type, and cryptocurrency. Here's a breakdown of some common crypto fees:
- *Trading Fees*: These range from 0.05% to 0.5% per trade, depending on the platform and your trading volume. For example, Delta Exchange charges 0.05% for makers and 0.02% for takers.¹
- *Deposit and Withdrawal Fees*: Some platforms charge fees for depositing or withdrawing cryptocurrencies. ZebPay, for instance, charges ₹15 for fiat withdrawals, but crypto deposits are free.²
- *Funding Fees*: These fees are applicable to futures contracts and are calculated based on the gap between the spot price and the futures contract price. ZebPay uses a formula to calculate funding fees, which can be positive or negative.
- *Liquidation Clearance Fees*: If a trader's position is liquidated, they may be charged a fee, which can be up to 0.5% of the position value.
- *Membership Fees*: Some platforms charge membership fees, which can be waived if you make a trade within a month. ZebPay charges 0.0001 BTC or equivalent in other cryptocurrencies or INR as a membership fee.
- *Network Fees*: These fees are paid to the cryptocurrency network to validate transactions. They vary depending on the cryptocurrency and network congestion.
To give you a better idea, here are some approximate daily crypto fees:
- *Ethereum*: $5,395,335.87 (1-day fees)³
- *Bitcoin*: $2,351,199.21 (1-day fees)
- *Uniswap*: $1,501,780.87 (1-day fees)
Keep in mind that these fees are subject to change and may vary depending on market conditions. Always check the fees associated with a platform or transaction before investing in cryptocurrencies.