#CryptoFees101

#CryptoFees101

Crypto fees are charges users pay for transactions on a blockchain network. These fees vary by platform and activity, such as trading, transferring, or staking. On decentralized networks like Ethereum, fees are called “gas” and fluctuate based on network congestion. Centralized exchanges (CEXs) like Binance charge maker and taker fees for trades. Fees help incentivize miners or validators who maintain network security. Some platforms offer fee discounts for using native tokens. Understanding fee structures is essential for optimizing profits and avoiding unnecessary costs. Always check fee details before transacting to ensure cost-effective crypto operations.