#CryptoFees101 Understanding cryptocurrency fees is essential for any trader. Transaction fees on blockchain networks like Bitcoin or Ethereum can vary based on network congestion and the type of wallet used. For instance, during peak times, fees might spike, making it costlier to send funds. Exchanges also charge trading fees, often a percentage of the transaction, which can add up over time. To minimize costs, consider using layer-2 solutions like the Lightning Network or choosing exchanges with lower fee structures. Always research the fee schedule before trading to avoid surprises. Timing your transactions during low-traffic periods can also save money. With careful planning, you can manage fees effectively and maximize your crypto investments.