#CryptoFees101
๐ฐ Crypto Fees 101
What are they?
Charges you pay when using crypto ๐ณ โ miners/validators ๐ทโโ๏ธ keep the network running ๐ก๏ธ
Main Types:
1. Network Fees (e.g., Ethereum gas โฝ)
2. Exchange Fees (buy/sell/trade ๐ฑ)
3. Withdrawal Fees (moving crypto out ๐ค)
4. Smart Contract Fees (DeFi actions ๐ง ๐)
What affects them?
Network traffic ๐ฆ
Blockchain used ๐ (e.g., Solana = ๐ธ, Ethereum = ๐ธ๐ธ๐ธ)
Transaction size/complexity ๐งพ
How to save:
Use cheaper chains (e.g., Solana ๐, Polygon ๐ฃ)
Try Layer 2s (e.g., Arbitrum ๐)
Transact during off-peak hours ๐
