#CryptoFees101

Crypto fees are the costs associated with conducting transactions on blockchain networks and trading platforms. These fees vary based on several factors such as the type of cryptocurrency, network congestion, and transaction size.

The main fees are divided into:

* Network fees (or miner/validator fees): Paid to miners or validators who confirm transactions and add them to the blockchain, these fees increase with rising demand for block space.

* Trading fees: Charged by trading platforms when buying and selling cryptocurrencies, typically a percentage of the transaction value.

* Deposit and withdrawal fees: Some platforms charge fees when depositing or withdrawing cryptocurrencies from/to external wallets.

Understanding these fees helps investors choose the most cost-effective platforms and optimize their trading strategies.