#CryptoFees101

🚨 #CryptoFees101 🚨

Have you ever felt confused by cryptocurrency fees? 🤯 Here's what you need to know 👇

🔍 What are crypto fees?

They are the amounts paid for executing transactions on networks like Bitcoin and Ethereum. These fees go to the miners or validators who process the transaction.

💸 Types of fees:

1 Network Fees: Depend on network congestion.

2 Platform Fees: Charged by platforms like Binance or Coinbase.

3 Withdrawal Fees: When transferring your coins from the platform to a private wallet.

⚠️ Did you know?

Peak times = Higher fees ⏱️

Using alternative networks like Polygon or Solana = Lower fees 💡

📌 Golden Tip:

Before executing any transaction, check the fees using tools like etherscan.io/gastracker or fees.wtf

💬 Share with us:

Have you ever paid excessive fees without realizing it? �