#CryptoFees101 Ever wondered why your $100 crypto trade only nets $98? 🤔
You're paying crypto transaction fees—and here's what they actually are:
💸 Network Fees (Gas Fees) – Paid to miners/validators to process transactions. Varies by blockchain (e.g., $ETH gas vs. $SOL fees).
🏦 Exchange Fees – Platforms like Binance, Coinbase, or Kraken charge for trading, withdrawing, or converting.
🔁 Slippage – Not a fee, but a cost when prices change during a trade. Often overlooked!
✅ Tip: Use Layer 2 solutions like Arbitrum or Polygon to save on Ethereum gas.
📉 Avoid high-fee times by checking network congestion.
Understanding fees = smarter trading. 💡
Follow for more crypto clarity! 🚀