#CryptoFees101 📚 Crypto Fees 101: What You Need to Know Before You Trade 💸

Whether you're sending Bitcoin, swapping tokens on Uniswap, or buying NFTs, crypto fees are part of the game. Here's a quick breakdown:

🔹 1. Network Fees (Gas Fees)

Paid to blockchain validators for processing transactions.

Bitcoin: Fees fluctuate with network congestion.

Ethereum: Gas fees can spike during peak demand.

Tip: Use block explorers or fee estimators before sending.

🔹 2. Exchange Fees

Charged by centralized exchanges (like Binance, Coinbase).

Types: Trading fees, withdrawal fees, deposit fees.

Pro Tip: Lower your fees with native tokens (e.g., BNB on Binance).

🔹 3. Swap Fees (DeFi)

When using DEXs like Uniswap or PancakeSwap:

Liquidity provider fees: Typically 0.3% of the trade.

Slippage: The price may change during execution, costing you more.

🔹 4. Wallet Fees

Most wallets don’t charge extra, but some custodial ones may.

💡 Tips to Save on Fees:

✅ Batch transactions where possible

✅ Avoid trading during high congestion times

✅ Use Layer 2s (e.g., Arbitrum, Optimism) for cheaper ETH transactions

✅ Compare DEXs before swapping

🧠 Understanding fees = smarter crypto moves. Don’t let unexpected costs eat into your profits. $WCT $XRP $SOL