Understanding Fees (Network vs Exchange)

What you’ll learn

• •Exchange fees (deposit, trade, withdrawal) are paid to the company running the platform.
• •Network/gas fees are paid to the blockchain itself, to process and secure your transaction.
• •Network fees rise and fall with network congestion — they're not fixed by any company.
• •A maker fee (adding liquidity) is usually lower than a taker fee (removing it via an instant fill).
• •Network fees are the same regardless of which exchange or wallet you use to send an asset.
• •Always check an exchange's full fee schedule before using it regularly — fees compound over time.