#CryptoFees101

💸 Where Does Your Crypto Go? 💸

Ever wondered why your $100 crypto transfer arrives as $97? 🤔

Welcome to the world of crypto fees — and yes, they matter a lot.

Here's your quick guide to understanding them:

🔹 Network Fees (Gas Fees)

These go to miners/validators to process your transaction.

Ethereum is often high due to congestion.

Solana, Polygon, Avalanche = faster, cheaper options.

🔹 Exchange Fees

Trading fees (buy/sell): Often a % of your transaction (e.g., 0.1%-1%).

Withdrawal fees: Vary by exchange and coin — always check before transferring!

🔹 Slippage

When the price moves between the time you place and execute a trade. Protect yourself by setting slippage tolerance.

🔹 Hidden Fees

Some wallets and DeFi platforms bake fees into the conversion rate. Always compare with trusted price trackers.

💡 Pro Tips: ✅ Bundle transactions when possible.

✅ Avoid peak hours to reduce gas.

✅ Use Layer 2s (like Arbitrum, Optimism) for lower costs.

✅ Double-check fees before hitting “Confirm.”

Your money should work for you, not vanish in fees. Get smart. Stay ahead. 🚀

#CryptoTips #DeFiEducation #Web3Finance #BlockchainBasics #GasFees #CryptoSavings