#CryptoFees101 #CryptoFees101 refers to the basic understanding of fees associated with cryptocurrency transactions. These fees are charges users pay to process transactions on a blockchain network. Common types include network (gas) fees, exchange fees, and wallet fees. Gas fees, especially on Ethereum, fluctuate based on network congestion. Centralized exchanges charge trading fees, withdrawal fees, and sometimes deposit fees. Decentralized platforms may also include liquidity provider or slippage costs. Learning CryptoFees101 helps users manage costs efficiently, choose optimal transaction times, and avoid unnecessary charges. It’s essential for anyone engaging with DeFi, NFTs, or crypto trading to grasp these basics to maximize value and security.