#CryptoFees101

Understanding cryptocurrency fees is crucial for anyone engaging with digital assets, whether you're trading, investing, or simply sending crypto. Here's a breakdown of the common types of fees and how they work:

Types of Crypto Fees

There are generally three main categories of fees you'll encounter in the crypto space:

* Network Fees (Transaction/Miner/Gas Fees):

* What they are: These are fundamental to how blockchains operate. When you send cryptocurrency from one wallet to another or interact with decentralized applications (dApps), your transaction needs to be processed and recorded on the blockchain. This work is done by "miners" (in Proof-of-Work systems like Bitcoin) or "validators" (in Proof-of-Stake systems like Ethereum).