#CryptoFees101 Crypto fees are the charges you pay when making transactions or trades in the cryptocurrency world. The most common types are network fees and exchange fees. Network fees, also called gas fees (especially on Ethereum), are paid to miners or validators who process transactions on the blockchain. These fees can vary depending on network congestion. Exchange fees are charged by platforms like Binance or Coinbase for trading, withdrawing, or converting crypto. Some exchanges offer lower fees for higher trading volumes or using their native tokens. Always check fee structures before trading, as high fees can eat into profits. Using layer-2 solutions or less congested networks can help reduce costs. Understanding crypto fees is essential for smart, cost-effective trading and investing.
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