When you trade or move cryptocurrencies, you usually pay fees — but what are they for?
🔹 Network Fees (Gas Fees): Paid to miners or validators to confirm your transaction on the blockchain. Fees vary based on network congestion and blockchain type (Ethereum, Bitcoin, etc.).
🔹 Trading Fees: Charged by exchanges (CEX or DEX) when you buy, sell, or swap crypto. Usually a small percentage of your trade value.
🔹 Withdrawal Fees: When moving crypto off an exchange to a wallet, exchanges may charge a fixed fee.
🔹 Slippage: Not a fee per se, but the difference between expected price and executed price during trading, especially on DEXs with lower liquidity.
💡 Pro Tip: Check fees before trading! Using layer-2 solutions or off-peak times can save you big on gas fees.
$📈 #TradingTypes101 Not all traders are built the same — and that’s the beauty of the game. Here’s a quick breakdown:
🔹 Scalper – In & out within minutes. Think rapid fire. 🔹 Day Trader – No overnight bags. All trades closed by day’s end. 🔹 Swing Trader – Rides trends for days or weeks. Patience is key. 🔹 Position Trader – Long-term vision. Holds for months or more.
Whether you're chasing candles or playing the long game, knowing your type = knowing your edge. 🧠💸
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