๐ CryptoFees 101
Ever wondered why crypto transaction fees can vary? ๐ค
Gas Fee (Ethereum)** โ Paid to process transactions and smart contracts. When busy, gas can be really expensive!
Network Fee (Bitcoin) โ Paid to miners to have your transaction processed. The faster you want it, the higher the fee.
Exchange Fee โ Every time you buy/sell on platforms like Binance, Coinbase, etc.
Slippage โ The difference in price when the order is clicked and executed. It can lead to silent losses.
Withdrawal Fee โ When you withdraw crypto from an exchange to your personal wallet.
๐ก Tip: Always check fees before transacting. Small fees can add up if you frequently switch assets.
