#CryptoFees101

. 🚚 Withdrawal Fees

When? When you move crypto from the exchange to a wallet or another exchange.

Fixed or variable? Often a flat fee, depending on the coin.

Example: Withdrawing BTC might cost 0.0005 BTC.

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3. ⛏️ Network Fees (Gas Fees)

When? Anytime a transaction is processed on a blockchain.

Paid to whom? Miners (for Proof of Work) or validators (for Proof of Stake).

High on? Ethereum (especially during congestion).

🪙 Tip: Use cheaper chains like BSC (BNB), Polygon (MATIC), or Solana.

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🔄 Other Potential Fees

Conversion Fees: Swapping one crypto to another may have hidden spreads.

Deposit Fees: Rare on most platforms, but some P2P methods might charge.

Inactivity Fees: Rare, but possible on some platforms.

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🧠 Isaac's Nerd Tip:

To minimize fees:

Trade less frequently and more strategically.

Use layer-2 solutions (like Arbitrum or Optimism).

Compare fees between exchanges.

Check gas trackers before making a move.

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