#CryptoFees101 💸 Crypto Fees 101: What You Need to Know

Trading and using crypto isn’t free — fees impact your profits. Here’s the basics:

1. Network (Gas) Fees — Paid to miners or validators to process transactions. Varies by blockchain and congestion. Ethereum fees can spike, while Layer 2s or others like Binance Smart Chain are cheaper.

2. Exchange Fees — Centralized exchanges charge trading fees (usually 0.1%–0.5%) per trade, sometimes with maker/taker differences. DEXs also charge fees but often lower.

3. Withdrawal Fees — Moving crypto off exchanges can cost a fixed or variable fee.

4. Deposit Fees — Usually free, but always check.

Understanding fees helps you pick the best time and platform to trade smartly and save money. #CryptoFees