#CryptoFees101

**#CryptoFees101** explains the different types of fees involved when using cryptocurrencies. Unlike traditional banking, crypto transactions often come with **network fees**, also called **gas fees**, which are paid to miners or validators for processing transactions on blockchains like Ethereum or Bitcoin. These fees vary based on network congestion and transaction complexity. On **centralized exchanges** (CEXs), users pay **trading fees** for buying, selling, or converting crypto, usually as a percentage of the transaction. **Withdrawal fees** apply when moving funds from an exchange to a personal wallet, and these can differ by coin and platform. On **decentralized exchanges** (DEXs), users also pay network fees plus small protocol fees, which go to liquidity providers. Some wallets or services might charge **deposit fees**, though less common. Understanding these fees is key to avoiding unnecessary losses and making cost-effective decisions, especially when managing frequent trades, small transactions, or cross-chain movements.