#CryptoFees101

Crypto fees are charges applied when conducting transactions or trades involving cryptocurrencies. These fees vary based on the platform, network congestion, and the type of transaction. For example, blockchain network fees (like gas fees on Ethereum) go to miners or validators who process transactions. Exchange fees are charged by platforms like Binance or Coinbase for buying, selling, or withdrawing crypto. Some wallets and DeFi platforms may also apply service or transaction fees. Fees can be fixed or percentage-based and may fluctuate depending on market demand. Understanding and comparing fees is crucial to avoid excessive costs and maximize trading efficiency