#CryptoFees101 Cryptocurrency Fees (Crypto Fees)
In the world of cryptocurrencies, fees (crypto fees) are the charges associated with sending, receiving, or trading digital assets. These fees are essential for the operation of blockchain networks and exchange platforms. Primarily, they cover two aspects:
* Network fees (gas fees): These are paid to miners or validators who process and secure transactions on a blockchain. Their value can fluctuate dramatically depending on network congestion.
* Platform fees: These are charged by exchanges (CEX or DEX) for facilitating trading, deposits, or withdrawals. These vary depending on the platform, trading volume, and order type (e.g., market order vs. limit order).
Understanding these fees is crucial for managing your trading costs and ensuring that your operations are profitable