#CryptoFees101

💸 One of the most overlooked aspects by beginners in the world of cryptocurrencies is the fees associated with transfers and trading.

Understanding the fees is an essential part of smart management of your digital wallet.

There are several types of fees to pay attention to:

1. Network Fees: Paid to miners or validators for confirming transactions.

2. Exchange Fees: Vary from one platform to another and can be fixed or a percentage of the transaction.

3. Withdrawal Fees: Charged when transferring your funds from the platform to your wallet.

Some currencies like Bitcoin and Ethereum may have high fees during network congestion, while other currencies like Litecoin and Stellar are known for their lower fees.

Therefore, it is always important to compare before executing any transaction.

Every unstudied transfer can cost you multiples of what you expect! ⚠️

Learn how to reduce costs and earn more through smart management.