#CryptoFees101 Crypto Fees 101 – Know What You’re Paying For 💸

Crypto might seem “free” at first glance, but fees are everywhere. Here’s what to watch out for:

🔹 1. Network (Gas) Fees

Paid to process transactions on a blockchain.

Example: Ethereum gas fees can spike during high demand.

Cheaper chains like Solana or Polygon may offer lower costs.

🔹 2. Trading Fees

Charged by centralized or decentralized exchanges.

Usually a % of your trade (e.g. 0.1% on Binance).

Can vary between maker (you add liquidity) and taker (you remove liquidity).

🔹 3. Withdrawal Fees

Exchanges charge a flat fee when you send crypto to your wallet.

Varies by asset — some coins are way cheaper than others.

🔹 4. Slippage

When you get a worse price than expected due to low liquidity or fast price movement.

🔹 5. Hidden Fees

Always check spreads — sometimes the fee is “baked” into the price.

💡 Pro Tips to Save Fees:

✅ Use Layer 2 networks (like Arbitrum or Base)

✅ Trade when network activity is low

✅ Consolidate small transfers

✅ Learn fee tiers if using major exchanges

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Fees aren’t bad — they power the network. But smart traders know how to minimize them.