#CryptoFees101 Cryptocurrency transaction fees are charges incurred when performing actions on a blockchain network, such as sending crypto, trading on an exchange, or interacting with decentralized applications (dApps). These fees incentivize "miners" or "validators" who process and secure transactions.

Fees vary significantly depending on the cryptocurrency, network congestion, and transaction complexity. For instance, Ethereum uses "gas fees" which fluctuate with network demand, while Bitcoin fees are generally based on transaction data size. Exchanges also charge their own "maker" and "taker" trading fees, as well as withdrawal and sometimes deposit fees. Understanding these diverse fee structures is crucial for managing crypto costs.