#CryptoFees101 Network Fees (Gas Fees): These go to the miners or validators of the network 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 fee when you buy, sell, or swap. Some also have hidden spreads. Slippage and Hidden Costs: In DeFi, if a token is illiquid or volatile, you might get less than expected. This is slippage, and it can be sneaky.
Professional Tip:
Use Layer 2 solutions like Arbitrum or Polygon for lower fees, or choose times of the day when the networks are less congested.
Fees are part of the game—but savvy users pay less and get more.