#CryptoFees101
Crypto isn’t always free—and if you’ve ever wondered why you're paying extra during a transaction, you're not alone. Let’s break down the different types of crypto fees so you know exactly where your money is going 💰
🔹 1. Network (Gas) Fees
These are paid to miners or validators to process and secure your transactions on the blockchain. On networks like Ethereum, gas fees can skyrocket during times of high demand. Think of it like surge pricing for blockchain traffic.
🔹 2. Exchange Fees
Whether you're using a centralized exchange (like Binance or Coinbase) or a DEX (like Uniswap), you’ll encounter trading, withdrawal, or deposit fees. Watch out for hidden costs—some exchanges sneak them into the conversion rate.
🔹 3. Wallet Fees
Most crypto wallets are free to use—but premium features like token swaps, fiat on-ramps, or staking services may come with a fee. Always read the fine print.
🧠 Pro Tips to Save on Crypto Fees:
✅ Use Layer 2 solutions like Arbitrum or Optimism to cut down on Ethereum gas fees
✅ Batch your transactions to reduce multiple charges
✅ Compare exchange fees before buying or selling—small differences add up
💡 Smart crypto users don’t just invest—they optimize.
The more you know, the more you save.
