#CryptoFees101 In the world of cryptocurrency, fees are an unavoidable part of the process, but understanding them can help you manage your costs effectively. Here's a breakdown of the common types of crypto fees:

1. Network Fees (Miner/Validator Fees or Gas Fees)

What they are: These fees are paid directly to the miners or validators who process and confirm transactions on a blockchain network. They are essential for the security and functionality of decentralized networks.

2. Exchange Fees

When you use a centralized cryptocurrency exchange (like Binance, Coinbase, Kraken, etc.