#CryptoFees101 Where Does Your Money Go? 💸
Ever made a crypto transaction and wondered why the fees vary so much?
Here’s a quick breakdown:
🔹 Network Fees – Paid to miners/validators to process your transaction (e.g., gas on Ethereum ⛽).
🔹 Exchange Fees – Platforms like Binance or Coinbase charge for buying/selling/trading.
🔹 Withdrawal Fees – Taking crypto off the exchange? You’ll pay a fee to cover network costs.
🔹 Slippage – Hidden cost when prices move between order & execution (especially in low-liquidity coins).
🔹 Bridging Fees – Moving tokens between blockchains? Each step adds up.
📌 Pro Tip: Always check the total cost before confirming your transaction!
Don’t let hidden fees eat your gains. Learn, compare, and save smarter. 🔍💰