Cryptocurrency exchanges make money by charging fees for the services they offer to their customers.
There are several ways for exchanges use to generate income.
Here are a few ways that are famous.
Many exchanges charge a small fee for each trade that takes place on their platform.
This fee can be in the form of a percentage of the total trade value or a fixed amount
The second way exchanges make money is the withdrawal fees.
The exchanges charge a fee for withdrawing funds from an external wallet, bank account, or any other exchange.
Exchanges charge a fee for new projects and cryptocurrencies and tokens to be listed on the platform.
It’s always crucial to compare fees before using an exchange for your trading.
Because there is a difference between exchange fees and you need to do your research to find a good exchange for reading.