#CryptoFees101

💸 What are fees in crypto and why are they important?

When you send cryptocurrency or interact with DeFi protocols, you pay fees. This is not just a “fee for nothing” — they go to miners or validators that ensure the security of the network.

📊 Types of fees:

• Gas fee (Ethereum and others): depends on network congestion

• Trading fee: on centralized and decentralized exchanges

• Withdrawal fee: fee for withdrawing from the exchange

• Protocol fee: protocol fees, like those of Uniswap or Aave

💡 Life hack: during times of low network congestion, fees can be significantly lower. Plan transactions in advance!