#CryptoFees101
**Crypto Fees 101 💸 | What Every Trader Should Know**
Whether you're trading, investing, or sending crypto, **fees** are a big part of the game. Here's a quick breakdown to help you keep more of your gains:
🔹 **Network Fees (Gas Fees):**
Charged by blockchain networks like Ethereum or Bitcoin to process transactions. These fees can spike during high network activity—especially on ETH.
🔹 **Exchange Fees:**
* **Trading Fees:** Most centralized exchanges (like Binance or Coinbase) charge a small % for each trade—usually 0.1% to 0.5%.
* **Withdrawal Fees:** Want to transfer your crypto to a wallet? Expect a fixed fee depending on the coin.
🔹 **Slippage & Spread:**
Not a direct "fee," but if you're trading in low liquidity or during volatility, you might pay more than expected due to price movement or the difference between buy/sell rates.
💡 *Tips to Save on Fees:*
* Use Layer 2 networks like Arbitrum or Optimism for cheaper gas.
* Trade during low-volume hours.
* Hold exchange tokens (like BNB) for trading fee discounts.
Know your fees. Trade smarter. 🔍📉