#CryptoFees101 Where Does Your Money Go? ๐ธ
Ever made a crypto transaction and wondered why the fees vary so much?
Hereโs a quick breakdown:
๐น Network Fees โ Paid to miners/validators to process your transaction (e.g., gas on Ethereum โฝ).
๐น Exchange Fees โ Platforms like Binance or Coinbase charge for buying/selling/trading.
๐น Withdrawal Fees โ Taking crypto off the exchange? Youโll pay a fee to cover network costs.
๐น Slippage โ Hidden cost when prices move between order & execution (especially in low-liquidity coins).
๐น Bridging Fees โ Moving tokens between blockchains? Each step adds up.
๐ Pro Tip: Always check the total cost before confirming your transaction!
Donโt let hidden fees eat your gains. Learn, compare, and save smarter. ๐๐ฐ