Understanding Fees When Buying, Transferring, and Selling TAVUSD
Step 1: Identify Fees
Exchange Fees: Check the fees on the exchange where you buy your base cryptocurrency (e.g., trading fees, withdrawal fees). Transaction Fees: When swapping on a DEX, review the gas fees for transactions (can vary based on network congestion). Transfer Fees: When sending tokens, check the network fee charged for the transaction.
Step 2: Estimate Total Fees
Calculate Fees: Add up all relevant fees to understand the total cost before proceeding with transactions. Use Fee Estimators: Many DEXs provide tools to estimate fees based on current network conditions.