#CryptoFees101
💸 #CryptoFees101 – What You’re Really Paying For
Whether you're a crypto beginner or just confused by your last transaction, here’s a quick guide to the main types of crypto fees:
1. Network Fees (Gas Fees)
Paid to miners/validators for processing transactions.
Varies by blockchain:
Ethereum: Can spike during congestion.
Bitcoin: Based on data size and demand.
Solana/Polygon: Usually very low.
2. Exchange Fees
Charged by platforms like Coinbase, Binance, or Kraken.
Types:
Trading Fees: % per trade (often 0.1–1%).
Withdrawal Fees: To move crypto off the platform.
Spread Fees: Hidden cost between buy/sell price.
3. Wallet Fees
Most wallets are free, but some charge for swaps or staking.
Hardware wallets may have upfront costs.
4. Bridging Fees
Moving assets between blockchains (Ethereum → Arbitrum, for example).
Includes network gas + bridge protocol fees.
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