Crypto Fees Explained (Simple & Clear)
Crypto fees are charges you pay when sending, receiving, or trading digital currencies. The most common types are:
• Network/Blockchain Fees: Paid to miners or validators to process your transaction (e.g., Bitcoin, Ethereum).
• Exchange Fees: Charged by platforms like Binance or Coinbase for trading or withdrawing.
• Gas Fees (Ethereum): Vary depending on network traffic — more demand means higher fees.
• Wallet Fees: Some wallets may charge for swaps or transfers.
Fees can change based on network congestion, coin type, and platform used. Always check fees before confirming any transaction to avoid surprises.
