learningbyearning

What are transaction fees in crypto?

When you send cryptos or make a trade, you pay fees.

But these fees don’t line the pockets of Binance.

They compensate the validators — the players who verify and record your transaction on the blockchain.

There are two main types:

🔵 Network fees (or gas fees)
→ This is the cost to write a transaction on the blockchain.
→ They vary depending on the network used: Ethereum can cost several euros. BNB Chain or Solana, just a few cents.
→ The more congested the network, the higher the fees.

🟡 Platform fees
→ This is what the exchange (Binance, Coinbase...) takes for each executed order.
→ Binance generally charges 0.1% per transaction.
→ If you pay with BNB, this rate drops to 0.075%.

💡 Why is this important?

Because fees add up. Over dozens of transactions, they can represent a significant portion of your returns.

Tomorrow: we’ll talk about taxes. Because yes — in France, crypto capital gains are taxable. And it's better to know this before you sell. 👇

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