#CryptoFees101

Here’s a concise overview of **CryptoFee101**, covering key aspects of cryptocurrency transaction fees:

Cryptocurrency fees are costs incurred for transactions, trading, or network usage. These include:

- **Trading fees**: Charged by exchanges (e.g., Binance offers 0.1% spot fees, lower for makers) .

- **Gas fees**: Paid on blockchains like Ethereum for smart contract execution.

- **Withdrawal/deposit fees**: Vary by exchange and asset .

- **Tax implications**: Fees can reduce taxable gains by adjusting cost basis or proceeds .

Decentralized exchanges (DEXs) often have lower fees (0.1–0.5%) but may include gas costs . Understanding these fees helps optimize trading strategies and tax efficienc