#CryptoFees101
📊 Crypto Fees 101
Ever traded $100 in crypto and ended up with just $98? 🤔 That’s the hidden world of crypto fees. Here's what's really going on:
💸 Network Fees (Gas Fees) – These go to miners or validators who process your transaction. Fees vary by blockchain—think pricey Ethereum gas vs. low Solana fees.
🏦 Exchange Fees – Platforms like Binance, Coinbase, and Kraken charge you for trading, converting, or withdrawing.
🔁 Slippage – Not a fee, but a cost when prices shift during your trade. Easy to miss!
✅ Pro Tip: Use Layer 2s like Arbitrum or Polygon to cut down on Ethereum gas fees.
📉 Check network congestion to avoid peak fee times.
Understanding fees = better, smarter trading. 💡
Follow for more no-fluff crypto tips! 🚀
