#CryptoFees101 Crypto fees are charges paid to process transactions on blockchain networks. Here's a breakdown:

*Types of Crypto Fees*

- *Network Fees (Gas Fees)*: Paid to validators or miners for processing transactions. These fees vary by network and congestion level.

- *Ethereum (ETH)*: $5-$50+ (high during peak hours)

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

- *Solana (SOL)*: < $0.01 (extremely cheap and fast)

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

Exchange Fees*: Charged by centralized exchanges for trading, withdrawals, and other services.

Trading Fees*: 0.1%-0.5% per trade

Withdrawal Fees*: Varies by exchange and asset (e.g., Binance: 0.0005 BTC)