#CryptoFees101 💸 Understanding Crypto Fees

Crypto fees are charges users pay when transacting or trading digital assets. There are two main types: network fees and platform fees.

• Network fees (also called gas fees) go to blockchain validators and vary by network activity—higher on Ethereum, lower on chains like Solana or BNB Chain.

• Platform fees are charged by exchanges like Binance or Coinbase for executing trades, withdrawals, or conversions. These are usually a percentage of the transaction amount.

Some platforms offer reduced fees for VIP users or those who pay with native tokens (e.g., BNB).

Understanding fees helps traders minimize costs and improve profitability.