#CryptoFees101

Crypto fees are the costs you pay when buying, selling, or transferring cryptocurrencies. These fees can vary depending on the type of transaction and the platform you use. For example, when you trade on an exchange, there is usually a trading fee or commission. Sending crypto from one wallet to another often requires a network fee, also called a gas fee, which pays miners or validators to process the transaction on the blockchain. Some blockchains have higher fees during busy times because many people are making transactions at once. Understanding fees is important because they affect your overall profits and costs when trading or using crypto.