#CryptoFees101

💸 #CryptoFees101

Crypto transactions aren’t always free—understanding fees is key to managing your assets wisely. Network fees (also called gas fees) are paid to miners or validators to process transactions. These vary by blockchain—Ethereum, for example, can have high gas fees during congestion, while others like Solana or Polygon are much cheaper. Exchange fees also apply when trading on platforms like Binance or Coinbase, and can include trading fees, withdrawal fees, and sometimes hidden spreads. DeFi platforms may also charge protocol or liquidity provider fees. Always review fees before confirming any transaction—it can save you money and frustration. Optimize by using low-fee times and exploring layer 2 networks.

Know the costs. Keep more of your crypto.

#CryptoTips #BlockchainBasics #Web3Finance #DeFi