#CryptoFees101

The **fees related to cryptocurrencies** vary depending on the type of transaction and the platform used. Here are the main fees to consider:

💰 **Transaction fees (Network fees)**

- Transactions on blockchains (such as Bitcoin and Ethereum) require **gas fees** to compensate network validators.

- These fees fluctuate based on network congestion: the more transactions waiting, the higher the fees can be.

🏦 **Exchange fees**

- Trading platforms charge fees on each executed order, often in the form of **maker/taker fees**:

- **Maker**: Provides liquidity to the market (often cheaper).

- **Taker**: Takes existing liquidity (often more expensive).

- Fees vary by exchange and can be reduced with **discount tokens** (like BNB on Binance).

🔄 **Conversion fees**

- Some platforms apply fees when converting one cryptocurrency to another.

- **Slippage fees** can impact the final price if liquidity is low.

🏧 **Withdrawal fees**

- When you withdraw your crypto from an exchange to your own wallet, fees apply, which depend on the blockchain and the platform.

📌 **How to reduce fees?**

- Prefer transactions when the network is less congested.

- Use exchanges with reduced fees or promotions.

- Compare fees across different platforms before making a transaction.