#CryptoFees101

๐Ÿ’ธ #CryptoFees101

New to crypto? Donโ€™t let fees eat your gains! Here's what you need to know:

๐Ÿ”น Gas Fees โ€“ Paid to miners/validators for processing transactions. High on Ethereum, low on others like Solana or Avalanche.

๐Ÿ”น Trading Fees โ€“ Exchanges charge a % per trade. Compare rates on platforms like Binance, Coinbase, or Uniswap.

๐Ÿ”น Withdrawal Fees โ€“ Charged when moving crypto off an exchange. These vary widely.

๐Ÿ”น Slippage โ€“ The hidden cost. If prices move during your trade, you might pay more than expected.

๐Ÿ“Œ Tip: Always double-check fees before confirming any transaction. A few seconds can save you $$$.

Got questions? Drop them below! โฌ‡๏ธ

#CryptoTips #DeFi #BlockchainBasics