#CryptoFees101 ๐น 1. Trading Fees
These are fees charged when you buy or sell crypto on an exchange.
Maker Fee โ When you place a limit order (adds liquidity)
Taker Fee โ When you place a market order (removes liquidity)
๐ Tip to reduce:
Use limit orders instead of market orders to pay lower maker fees.
Trade on exchanges with lower fee tiers (e.g., Binance, KuCoin).
Stake native tokens (like BNB on Binance) to get discounts on trading fees.
๐น 2. Network/Blockchain Fees (Gas Fees)
These are fees paid to the blockchain to process and validate your transaction.
Example: Ethereum gas fees can get expensive during network congestion.
๐ Tip to reduce:
Use Layer 2 networks (like Arbitrum, Polygon) for lower gas costs.
Trade during non-peak hours (early mornings or weekends).
Choose blockchains with lower fees like Solana, BSC, or Avalanche.
๐น 3. Withdrawal Fees
When you move your crypto from an exchange to a wallet, you pay withdrawal fees.
๐ Tip to reduce:
Withdraw larger amounts less frequently (instead of small, multiple times).
Use cheaper networks for withdrawal (e.g., TRC-20 instead of ERC-20 for USDT).
Some platforms offer free internal transfers between users.
๐น 4. Swap or Conversion Fees (in DEXs or Wallets)
When swapping one crypto to another using decentralized exchanges (DEX) or wallets, you pay a conversion fee.
๐ Tip to reduce:
Compare DEX aggregators like 1inch or Matcha for best swap rates.
Consider limit orders on DEXs where available.
๐น 5. Inactivity or Service Fees (Rare but possible)
Some centralized wallets or platforms may charge maintenance or inactivity fees if your account is dormant.
๐ Tip to reduce:
Read terms before depositing your crypto.
Avoid leaving crypto in shady or less popular wallets.
