#CryptoFees101
Ever wondered why your crypto transactions cost more or less sometimes? 🤔 Welcome to Crypto Fees 101!
🔹 Network Fees (Gas): These are payments to miners/validators to process transactions. Think of them as tolls on a blockchain highway — busier roads = higher tolls!
🔹 Exchange Fees: Centralized exchanges (like Coinbase or Binance) often charge a % per trade. Always check the fee structure before trading.
🔹 Slippage: Not a fee per se, but can cost you if the price changes during your trade execution. Set limits to protect yourself.
🔹 Hidden Costs: Beware of wallet fees, withdrawal fees, and spreads (the difference between buy/sell prices).
🧠 Tip: Use tools like Etherscan Gas Tracker or Fee calculators to plan ahead and save!
#Crypto #Blockchain #GasFees #DeFiTips
