#CryptoFees101

When trading cryptocurrency, understanding fees is crucial. There are typically three types: trading fees, network fees, and withdrawal fees.

Trading fees are charged by exchanges every time you buy or sell. They’re usually a small percentage (like 0.1%-0.5%).

Network fees (also called gas fees) are paid to blockchain validators for processing transactions. These vary by blockchain – Ethereum fees are often higher than Bitcoin or Solana.

Withdrawal fees apply when moving crypto off the exchange.

To minimize fees, use limit orders, trade during low network activity, and pick exchanges with competitive rates. Always check the fee structure before trading. Small fees add up over time!