💸 #CryptoFees101 — what are these fees anyway?

In the crypto world, fees are the payments you make for conducting transactions on the network. But why do they even exist? 🤔

🔹 Transaction Fee (Tx Fee)

This is the payment for processing your transaction in the blockchain. It incentivizes miners or validators to confirm it.

🔹 Gas Fee (Ethereum and other EVM networks)

This is not just a fee — it’s the “fuel” for actions in the network. The more complex the action (e.g., interacting with DeFi), the more gas you pay.

🔹 Exchange Fees

📈 Trading (Maker / Taker)

Depending on whether you are adding liquidity or taking it away.

💼 Withdrawal Fees

Often fixed, depending on the currency.

🔹 Layer 2 vs Layer 1

Want lower fees? Use Layer 2 solutions like Arbitrum or zkSync. They are cheaper and faster.

🔹 How to save?

✅ Wait for less busy periods

✅ Study networks with low fees (Solana, Avalanche)

✅ Use wallets that show the lowest gas fees

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📚 Now you are in the know! Crypto is not just about profit, but also about optimizing costs 💼

#CryptoBasics #GasFees #Blockchain #DeFi #Ethereum #Bitcoin #SmartMoney