#CryptoFees101 The hashtag #CryptoFees101 suggests an educational or beginner-friendly guide to understanding fees in the cryptocurrency world. Here's a clear and concise overview:
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💸 #CryptoFees101 — A Beginner’s Guide to Crypto Fees
Understanding crypto fees is essential to avoid surprises and make informed decisions. Here's what you need to know:
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⚙️ Types of Crypto Fees
1. Network (Gas) Fees
What it is: Paid to miners or validators to process your transaction.
Applies to: Bitcoin, Ethereum, Solana, etc.
Varies by:
Network congestion
Transaction complexity
Blockchain protocol
⛽ Ethereum Gas Example: Sending ETH: ~$1–$20
Minting NFTs or using DeFi: Up to $100+ during peak times
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2. Exchange Fees
Trading Fees: Charged when you buy/sell crypto.
Maker fee (you add liquidity): Lower
Taker fee (
