#CryptoFees101 #CryptoFees101 This is just the different fees that are paid when trading in the crypto world.
Transaction fees: These fees are paid when making cryptocurrency transactions on a blockchain network.
Exchange fees: These fees are paid when using a cryptocurrency exchange to buy, sell, or trade cryptocurrencies.
Withdrawal fees: These fees are paid when withdrawing cryptocurrencies from an exchange or wallet.
Gas fees: In networks like Ethereum, gas is a transaction fee that is paid for miners to process the transaction on the network.