#CryptoFees101
๐ธ #CryptoFees101
New to crypto? Donโt let fees eat your gains! Here's what you need to know:
๐น Gas Fees โ Paid to miners/validators for processing transactions. High on Ethereum, low on others like Solana or Avalanche.
๐น Trading Fees โ Exchanges charge a % per trade. Compare rates on platforms like Binance, Coinbase, or Uniswap.
๐น Withdrawal Fees โ Charged when moving crypto off an exchange. These vary widely.
๐น Slippage โ The hidden cost. If prices move during your trade, you might pay more than expected.
๐ 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