The real crypto fee is not the fee table

Most people compare crypto exchanges by maker/taker fees.

That is useful, but it is only the visible cost.

The real cost can include:

– spread

– slippage

– funding rates

– conversion costs

– withdrawal route

– deposit method

– liquidity

– execution quality

A platform can show low trading fees and still cost more if the spread is wider or the exit route is messy.

For me, the better question is:

What is the full route cost from deposit to trade to withdrawal?

Not just:

What is the fee table?

What hidden trading cost surprised you the most?