#CryptoFees101 Cryptocurrency fees can vary depending on the type of transaction, platform, and network.
*Types of Fees:*
- *Network Transaction Fees:* Paid to miners or validators for processing transactions on the blockchain. These fees can fluctuate based on network congestion.
- *Exchange Fees:* Charged by platforms like Coinbase, Binance, or Robinhood to buy, sell, or trade cryptocurrencies. These fees can be a percentage of the transaction or a flat rate.
- *Withdrawal Fees:* Applied when transferring cryptocurrencies from an exchange to a personal wallet.
- *Staking Fees:* Some platforms charge a commission on staking rewards, #Binance