Regardless of whether your cryptocurrency wallet is on the rise or fall, it is certainly enriching someone else. When Coinbase shares went public, their value exceeded that of the combined largest three stock exchanges in the world.

These exchanges are highly valued because they charge fees over 50 times that of traditional financial exchanges. This means you are paying hefty amounts, which is why we will explain these fees in detail to help you understand the main costs of trading cryptocurrencies, holding them, and using them.

To facilitate understanding, we will break down the fees into those assessed by the exchange you are using and those assessed by the blockchain ledger itself.

Side note: If you want to better understand the fees after reading this, check out "How to Make More Money from Cryptocurrency Trading, Guaranteed!"