#CryptoFees101

💸 Crypto Fees 101: What You Need to Know

When you buy, sell, or send crypto, you’re likely to encounter fees. These fees vary depending on the blockchain, exchange, and type of transaction—but understanding them is key to managing your costs and avoiding surprises.

🔍 Common Types of Crypto Fees

Network (Gas) Fees

Paid to blockchain validators or miners for processing transactions

Varies by network congestion (e.g., Ethereum fees are usually higher than Solana)

Exchange Fees

Charged by platforms like Binance, Coinbase, or Kraken

Usually a small percentage of the trade (e.g., 0.1%–0.5%)

Can include maker (for placing limit orders) and taker (for market orders) fees

Wallet Fees

Some wallets charge fees for sending crypto or using advanced features

Always check before confirming a transaction

Withdrawal Fees

Charged when moving crypto from an exchange to your wallet

Fixed amount or network-based (e.g., 0.0005 BTC per withdrawal)

🧠 Tips to Reduce Fees

Use layer 2 networks (like Arbitrum or Optimism) for lower gas fees

Trade on low-fee exchanges or during off-peak hours

Consolidate small withdrawals into one transaction

Choose networks with lower costs (e.g., use Polygon instead of Ethereum for small transfers