#CryptoFees101

What Are Crypto Fees?

Crypto fees are the costs you pay when you perform actions on a blockchain network, such as:

• Sending cryptocurrency (like BTC or ETH)

• Trading crypto on an exchange (like Binance or Uniswap)

• Interacting with smart contracts (e.g., in DeFi apps)

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💸 Types of Crypto Fees

1. Gas Fees

• Mostly on blockchains like Ethereum.

• Paid to miners/validators for processing your transactions.

• The busier the network, the higher the gas fees.

2. Trading Fees

• Charged by centralized exchanges (like Binance, Coinbase).

• Usually a small percentage of the trade (e.g., 0.1% per transaction).

3. Withdrawal Fees

• Charged when you move crypto from an exchange to your own wallet.

• Varies depending on the token and the platform.