#CryptoFees101 Here's a post with the hashtag #crypto and the topic "Fee101":
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๐ก Crypto Fee Basics: Fee101
Ever wondered why you're charged fees for crypto transactions? It's not just an expenseโit's the cost of securing the network and incentivizing miners/validators. Here's what you need to know:
๐น Transaction Fees: Paid to miners/validators to process and confirm your transaction.
๐น Gas Fees (Ethereum): Based on network activity; higher demand = higher fees.
๐น Exchange Fees: Charges for buying, selling, or swapping tokens on platforms.
Pro Tip: Use Layer 2 solutions or optimize timing to save on fees!
#Crypto #Blockchain #CryptoTips #Fee101
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