What is a Centralized Service Charge?
🪙Centralized Crypto Exchanges charge some fees for their services. Unlike equity, taxation is not applicable while transacting in cryptocurrencies; the charges imposed by centralized exchanges form an essential financial cost.
💵For trading fees, centralized exchanges generally have a standard fee structure that is either a flat rate no matter the trading amount or reduced costs the more you trade.
📊Most centralized exchanges charge fees for withdrawals to external wallets, while some charge fees for deposits.
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