#CryptoFees101 What Are Crypto Fees?
Crypto fees are small charges you pay when performing actions on a blockchain—like sending coins, swapping tokens, or interacting with smart contracts.
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🧾 Common Types of Crypto Fees
1. Network Fees (Gas Fees)
Paid to: Blockchain validators (miners or stakers)
Where it applies: Ethereum, Bitcoin, Solana, etc.
Why it exists: Incentivizes validators to process and secure transactions.
2. Exchange Fees
Paid to: Centralized exchanges (CEXs) like Coinbase, Binance, or DEXs like Uniswap
Includes:
Trading Fees (e.g., 0.1% per trade)
Withdrawal Fees (flat or dynamic based on network)
Deposit Fees (rare)
3. Wallet Fees
Some wallets charge: For swaps, staking, or fiat onramps
Examples: MetaMask (for swaps), Ledger Live
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⛽ Gas Fees Explained (Ethereum Example)
Measured in: Gwei (1 ETH = 1 billion Gwei)
Depends on: Network congestion & complexity of the transaction
Sending ETH: low cost
NFT mint or DeFi interaction: higher cost
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💡 Tips to Save on Fees
Use Layer 2 solutions: Like Arbitrum, Optimism, or Base
Avoid peak times: Network congestion spikes gas prices
Batch transactions: When possible, do multiple actions at once
Choose low-fee chains: Like Solana, Polygon, Avalanche
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🧠 Pro Tip:
Always double-check fee estimates before confirming a transaction—especially for smart contract interactions!
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