#CryptoFees101

Crypto fees are charges incurred during blockchain transactions. They compensate miners or validators for processing and securing the network. On Bitcoin and Ethereum, these fees are known as gas fees and fluctuate based on network congestion. Centralized exchanges (CEXs) also charge trading, withdrawal, and sometimes deposit fees. In decentralized exchanges (DEXs), users pay gas plus protocol fees. Understanding fees is crucial for cost-effective trading, especially during high network activity. Layer 2 solutions and alternative blockchains like Solana or Polygon offer lower fees. Smart management of crypto fees helps maximize profits and avoid unnecessary expenses in both short- and long-term investing.