#CryptoFees101 Crypto fees (crypto commissions) are the costs associated with the use of blockchain networks. Here are the main types:

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🔹 1. Gas Fees

• Networks: Ethereum, Polygon, BNB Chain, etc.

• What it is: It is the cost to perform operations (e.g. sending tokens, interacting with smart contracts).

• Varies: based on network congestion and the complexity of the operation.

• Unit: Gwei (for Ethereum).

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🔹 2. Transaction Fees

• Applied on all blockchains (Bitcoin, Ethereum, Solana, etc.).

• Compensate miners or validators for including the transaction in a block.

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🔹 3. Exchange Fees

• If you use an exchange (like Binance, Coinbase, or Uniswap), you might pay:

• Trading fees (to swap tokens).

• Withdrawal fees (to withdraw funds on blockchain).

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🔹 4. Bridging Fees

• If you move assets between different blockchains (e.g. from Ethereum to Arbitrum), you pay fees for:

• Validation

• Bridge provider

• Gas on both networks