#CryptoFees101 Sure! Here's a brief and clear breakdown of #CryptoFees101 — a primer on the different types of fees you might encounter when using cryptocurrency:

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🔍 Types of Crypto Fees

1. Network (Blockchain) Fees

What it is: Paid to miners/validators for processing and securing transactions on a blockchain.

Example: Ethereum gas fees, Bitcoin transaction fees.

Varies by: Network congestion, transaction size, and speed priority.

2. Exchange Fees

What it is: Fees charged by centralized or decentralized exchanges when you buy, sell, or swap crypto.

Types:

Trading fees (usually a % of trade volume, e.g., 0.1%–0.5%)

Withdrawal fees (flat or variable)

Deposit fees (rare, but possible with fiat)

3. Wallet Fees

What it is: Some custodial wallets charge fees for services like swaps or fiat-to-crypto purchases.

Decentralized wallets usually don't charge