#CryptoFees101

CryptoFees101

In the world of cryptocurrencies, fees are one of the essential aspects that must be well understood. These fees are imposed when executing transactions on the blockchain, and they vary depending on the network (such as Ethereum or Bitcoin) and the type of transaction. For example, fees may be higher during times of congestion when the network is busy. Similarly, fees differ between centralized exchanges (CEX) and decentralized exchanges (DEX). Understanding fees helps you make smart trading decisions and avoid unnecessary costs. Therefore, before executing any trade, make sure to know the associated fees and choose the right timing and network to minimize expenses. Fees may seem small, but they impact your profits over time.