#CryptoFees101
When trading or transacting with cryptocurrencies, fees can add up quickly. Here's a breakdown of common fees:
1. Transaction fees: Paid to miners or validators for processing transactions on the blockchain.
2. Exchange fees: Charged by cryptocurrency exchanges for buying, selling, or trading cryptocurrencies.
3. Withdrawal fees: Paid when transferring cryptocurrencies from an exchange to a personal wallet.
4. Network fees: Paid for interacting with smart contracts or decentralized applications (dApps).
Understanding these fees can help you save money and make informed decisions in the crypto space.
