#CryptoFees101

What Are You Really Paying For?

Every crypto transaction comes with a fee — but where does it go?

🔹 Network/Mining Fees:

Paid to miners/validators to process your transaction on the blockchain (e.g. Ethereum gas fees).

🔹 Exchange Fees:

Charged by platforms like Binance, Coinbase, or Uniswap for facilitating trades. Watch out for spreads + hidden fees!

🔹 Withdrawal Fees:

Leaving an exchange? You’ll pay to move your crypto off-platform. Rates vary wildly.

🔹 Slippage Costs:

When prices move during your trade — a hidden cost, especially on DEXs with low liquidity.

🧠 Pro Tip:

Use fee trackers and compare platforms. Sometimes where you trade matters more than what you trade.

👇 Drop your worst fee horror story in the replies.

#Crypto #Web3 #DeFi #Bitcoin #Ethereum #BlockchainBasics