#CryptoFees101

#CryptoFees101

Crypto fees are charges users pay when transacting on a blockchain. These fees compensate network validators for processing and securing transactions. The two main types are network fees (like Ethereum gas fees) and exchange fees (charged by platforms like Binance or Coinbase). Network fees vary based on congestion—higher demand equals higher costs. Exchange fees can be flat or percentage-based. Some blockchains, like Solana, offer low fees, while others like Ethereum can be costly during peak times. Always check fee structures before trading or transferring crypto. Understanding fees helps you manage costs and avoid overpaying in the fast-moving crypto world.