#CryptoFees101 #CryptoFees101 – Why You’re Paying So Much (And How to Pay Less)
Ever felt shocked by a $30 fee just to move $50 of crypto? You’re not alone.
Welcome to #CryptoFees101—where we break down what you’re really paying for, and how to stop overpaying.
Let’s simplify it:
🔹 Network Fees (Gas Fees): These go to the network’s miners or validators to process your transaction. Think of it like tipping a barista—but on the blockchain.
🔹 Exchange Fees: Centralized platforms like Coinbase or Binance often charge a cut when you buy, sell, or swap. Some have hidden spreads too.
🔹 Slippage & Hidden Costs: In DeFi, if a token is illiquid or volatile, you might get less than expected. That’s slippage, and it’s sneaky.
💡 Pro Tip:
Use Layer 2 solutions like Arbitrum or Polygon for lower fees, or choose times of day when networks are less congested.
Fees are part of the game—but smart users pay less and get more. Stick with #CryptoFees101 and we’ll keep you in the loop.