#CryptoFees101 a beginner-friendly breakdown of the different fees you might encounter when dealing with cryptocurrency:

💸 #CryptoFees101 – Understanding Crypto Transaction Costs

🔁 1. Network (Gas) Fees

What it is: Paid to blockchain validators/miners for processing transactions.

Varies by network:

Ethereum: Can be high during congestion.

Bitcoin: Depends on mempool activity.

Solana, Polygon, etc.: Usually low and fast.

Tip: Use during low-traffic times or Layer 2 solutions to save fees.

🏦 2. Exchange Fees

Types:

Trading fees: Charged when you buy/sell crypto.

Maker fee: Lower; you add liquidity.

Taker fee: Higher; you remove liquidity.

Withdrawal fees: Charged when moving funds out of the exchange.

Watch out for: Hidden markups in conversion rates.

🔄 3. Swap Fees (DeFi)

Charged when swapping tokens on platforms like Uniswap or PancakeSwap.

Includes:

Liquidity provider (LP) fees.

Protocol fees.

Can be combined with gas fees (especially on Ethereum).

💼 4. Wallet Fees

Some custodial wallets (e.g., PayPal, certain exchanges) charge fees for sending, receiving, or converting crypto.

Non-custodial wallets usually don’t charge, but you still pay network fees.

🌉 5. Bridge Fees

If you’re moving tokens between blockchains (e.g., ETH to BNB), you may pay:

Network fee (on both sides).

Bridge fee (for service).

💡 Tips to Reduce Crypto Fees

Use Layer 2 networks (e.g., Arbitrum, Optimism).

Choose low-fee exchanges.

Bundle transactions when possible.

Avoid peak usage hours (check sites like ethgasstation.info).

✅ Summary

> Crypto fees vary by platform, network, and usage. Understand what you're paying and when to avoid overpaying.