#CryptoFees101 : Understanding the Costs Behind Every Transaction

If you've ever sent crypto and noticed a fee attached, you're not alone. Welcome to #CryptoFees101 — your quick guide to understanding why these fees exist, how they work, and how to keep them low.

💡 What Are Crypto Fees?

Crypto fees are small charges you pay when sending, swapping, or interacting with a blockchain. They're used to reward validators or miners who process and confirm your transaction.

🔍 Types of Fees

Network Fees (Gas Fees): Paid to the blockchain (like Ethereum or Bitcoin). They vary depending on network congestion.

Exchange Fees: Charged by platforms like Binance or Coinbase when you trade or withdraw.

Bridge Fees: Applied when moving assets between different blockchains.

📉 Why Do Fees Fluctuate?

Fees change based on:

Network traffic (more users = higher fees)

Blockchain design (Ethereum fees are higher than Solana’s)

Transaction complexity (simple transfers cost less than smart contract calls)

🛠️ Tips to Save on Fees

Use Layer 2 solutions (like Arbitrum or Optimism)

Choose low-fee networks (e.g., BNB Chain, Solana, Avalanche)

Avoid peak times for transactions

Set custom gas limits if supported

Understanding fees is key to mastering crypto. The more you know, the more you save—and the smoother your blockchain experience will be.