#CryptoFees101 Sure! Here's a concise and What Are Crypto Fees, and Why Do They Matter?
Every time you send crypto, trade on a DEX, or interact with a smart contract — you’re paying crypto fees. But what exactly are you paying for?
💸 Transaction Fees: These go to miners or validators for processing your transaction. Think of it as a “toll” to use the blockchain.
⛓️ Gas Fees (Ethereum & similar chains): The more complex the action (like minting an NFT or swapping tokens), the more gas you burn — and the more you pay.
💱 Exchange Fees: Centralized exchanges (like Binance, Coinbase) charge trading fees — usually a percentage of your trade.
🔁 Network Congestion = Higher Fees: When many users flood the network, fees rise due to competition for block space.
💡Tip: Use Layer 2 solutions (like Arbitrum or Optimism) or fee estimators to save on costs!
Understanding crypto fees = smarter trading, saving money, and avoiding surprises.
