#CryptoFees101

🔹 1. Types of Crypto Fees

a) Network/Blockchain Fees (Gas Fees)

What it is: Paid to miners/validators to process your transaction.

Where you see it: Ethereum, Bitcoin, etc.

Varies by: Network congestion, transaction complexity, speed.

b) Exchange Fees

What it is: Charged by centralized or decentralized exchanges.

Types:

Maker Fee: When you add liquidity (place limit orders).

Taker Fee: When you remove liquidity (market orders).

Examples: Binance, Coinbase, Uniswap.

c) Withdrawal Fees

Charged when you move funds off an exchange to a wallet.

d) Swap Fees

In DeFi (like Uniswap), a % is taken from each swap (e.g., 0.3% per trade).

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🔹 2. Fee Examples by Network

Blockchain Avg. Fee (May Vary) Notes

Bitcoin $1–$5+ Higher during congestion

Ethereum $5–$50+ Depends on gas + contract complexity

Solana <$0.01 Extremely low fees

Polygon <$0.01 Great for microtransactions

BNB Chain <$0.10 Low and fast

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🔹 3. Tips to Reduce Fees

Use Layer 2 solutions (e.g., Arbitrum, Optimism for Ethereum).

Choose low-fee blockchains (e.g., Solana, Polygon).

Batch transactions when possible.

Avoid peak network times.

Check fee estimators (like ethgasstation.info for Ethereum).

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🔹 4. Watch Out For

Hidden fees in DEX aggregators.

Slippage: When price changes during trade execution.

Fake tokens or scam dApps with high fee traps.