#CryptoFees101

Let's break down the key aspects of crypto fees.

*Types of Crypto Fees*

- *Network Fees*: Paid to validators or miners for processing transactions on the blockchain network, also known as "gas fees." These fees vary by blockchain and network congestion:

- *Ethereum (ETH)*: $5-$50+ due to network congestion

- *Bitcoin (BTC)*: $1-$20, higher during peak demand

- *Solana (SOL)*: Less than $0.01, extremely cheap and fast

- *Polygon (MATIC)*: ~$0.001, great for low-cost DeFi

- *Exchange Fees*: Charged by centralized exchanges like Binance, Coinbase, or Kraken:

- *Trading Fees*: Typically 0.1%-0.5% per trade

- *Spread Fees*: Hidden fees where the platform marks up the price

- *Withdrawal Fees*: Charged when moving crypto off the exchange

- *Protocol Fees*: Charged by decentralized apps (dApps) like Uniswap, Aave, or Curve:

- *Swap Fees*: Usually 0.3% per trade

- *Borrow/Lend Fees*: Vary by protocol and demand

- *Gas Fees*: Required to interact with smart contracts

Understanding these fees can help you save money and trade smart. Keep in mind that fees can fluctuate based on market conditions and network congestion