#CryptoFees101 Crypto fees are charges users incur when conducting transactions on blockchain networks. These fees compensate miners or validators for processing and securing transactions. The amount varies depending on network congestion, transaction size, and the specific cryptocurrency. For example, Ethereum fees (gas fees) can spike during peak activity, while networks like Solana offer much lower costs. Centralized exchanges also charge trading fees, withdrawal fees, and sometimes deposit fees. Understanding fee structures is crucial for optimizing costs, especially when trading or transferring assets frequently. Using layer 2 solutions, selecting low-fee networks, or timing transactions during off-peak hours can help reduce expenses and improve overall efficiency in managing crypto assets.