The purpose is to make money right? How do I make money if the exchanges are taking high transaction fees? That's going to discourage me from making trades. Or is the idea that it's fine because we're not talking about 10% gains here, we're going for 100% or 1000%? What's clear to me is that these exchanges are making absurd amounts of money right now by siphoning off transaction fees. Sites I've never heard of are buying naming rights to arenas? That's just wild. The people getting rich off this seem to be the ones that are controlling the marketplace, and it's so unregulated that they can basically do whatever they want. The Michael Lewis book about this era is going to be something. Thanks for those links -- GAME05. There's a ton to digest. I don't even know where to start. Honestly it seems like it would be a better use of my energy to just create my own altcoin, that seems like a better use of my energy. Get ready for BF.net coin or something... As far as I can tell, the FIAT onramp I used, Coinbase Pro, has a .5% fee (less if you are sending more money). A quick google of an EFT fee shows a yearly .95% expense ratio. For someone like me who plans to hold for more than 5 years (I am in year 5), buying the actual crypto seems to make a lot more sense. Also, I can trade at any hour of the day. But again, whatever gets people into the space is a good thing. Also, the exchanges, like Coinbase and Gemini, are very regulated. CB Pro is a free Cash transfer via Bank Account. Has been for awhile. Same with Bittrex. Same with Gemini. The fees came when you tried to wire money or use the more convenient direct deposit via a Debit card, for example. CB Pro offers free ACH Bank transfers and withdrawals and free USD to USDC conversion, fwiw. If you are trading, per se, there are Maker and Taker fees. BUT, this is the same in any trading Market - stonks or Forex. You always pay a Broker fee. The less time you worry about fees, the better - it will drive you Mad. My personal recommendation would be to focus more on sensible entries at Support and gaining a general sense of the type of Market you are Buying and Selling in. My 2 Cents. (Probably worth more like, what, 1.5 cents given hyperinflation). Also, for newbie Crypto peeps: I traded this ish when CB Pro was called 'GDax'...before Gemini was even online. Believe me, the learning curve is steep. I remember being so dang frustrated way back when at how ridiculously foreign it all felt. We've come eons since that time AND, man, it still isn't hyper convenient or easy. Having dealt with GPU mining well before Asics were a thing (a vastly bigger headache than learning how to understand Exchanges etc), I can tell you: It's always better to 'own' your crypto and have it offline in say a Ledger Nano X or some comparable form of Cold Storage - maybe an offline Paper Wallet. Just my 1.5 centavos. Good luck!