#CryptoFees101 Understanding Cryptocurrency Transaction Fees

Cryptocurrency transaction fees are an essential aspect of the crypto ecosystem. Here's a breakdown:

What are cryptocurrency transaction fees?

- *Network fees*: Paid to miners or validators for processing transactions on the blockchain.

- *Exchange fees*: Charged by cryptocurrency exchanges for buying, selling, or trading cryptocurrencies.

Types of fees

- *Transaction fees*: Paid for each transaction, typically a small fraction of the transaction amount.

- *Withdrawal fees*: Charged when withdrawing cryptocurrencies from an exchange or wallet.

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