#CryptoFees101 Sure! Here's a clear, beginner-friendly guide to Crypto Fees 101:

🔍 Crypto Fees 101: What You Need to Know Before Sending or Trading

Understanding crypto fees can save you money and frustration. Here’s a quick breakdown of the main types of fees you'll encounter in the crypto world:

🔹 1. Network (Blockchain) Fees

Also called gas fees or transaction fees, these are paid to the network (miners or validators) for processing your transaction.

Blockchain Typical Fee Type Cost Range Notes

Ethereum (ETH) Gas fee $5 – $50+ Varies wildly based on network congestion

Bitcoin (BTC) Miner fee $1 – $20 Higher during peak demand

Solana (SOL) Fee per txn < $0.01 Extremely cheap and fast

Polygon (MATIC) Gas fee ~$0.001 Great for low-cost DeFi

Arbitrum/Optimism L2 Gas fee ~$0.05 – $0.30 Cheaper than Ethereum L1

🔹 2. Exchange Fees

When you buy/sell/trade crypto on a centralized exchange (like Binance, Coinbase, or Kraken), they charge fees like:

Trading Fees: Typically 0.1% – 0.5% per trade

Spread Fees: Hidden fees where the platform marks up the price

Withdrawal Fees: Charged when moving crypto off the exchange

Exchange Trading Fee Withdrawal Fee Example

Binance 0.1% 0.0005 BTC

Coinbase ~0.6% (retail) ~$1–$20 depending on coin

Kraken 0.16% / 0.26% Varies by asset

🔹 3. Protocol Fees

When you use decentralized apps (dApps) like Uniswap, Aave, or Curve:

Swap fees: Usually 0.3% per trade (e.g., Uniswap)

Borrow/Lend fees: Vary by protocol and demand

Gas fees: Still required to interact with the smart contracts