#CryptoFees101 Understanding Transaction Costs in Crypto
Crypto transactions come with fees, but why? Here's a quick breakdown:
🔹Network Fees – Paid to miners/validators for processing transactions (higher demand = higher fees).
🔹Exchange Fees – Charged when trading crypto on platforms (varies per exchange).
🔹Gas Fees (Ethereum) – Fuel for smart contracts & transfers (changes with network congestion).
🔹Withdrawal Fees – Some wallets/exchanges charge for moving crypto off-platform.
💡 Tips to Save:
✅ Use Layer 2 solutions (e.g., Polygon, Lightning Network)
✅ Trade during low-traffic times
✅ Compare fees across exchanges
Smart fee management = more crypto in your pocket! 💰
