#CryptoFees101 🌟 #CryptoFees101: What are they? 🌟
When you’re trading, swapping, or even just sending crypto, there’s a price tag attached—fees. These are charges by networks (like Ethereum gas fees) or platforms (like Binance, Coinbase, etc.). They pay for security and smooth processing.
👉 Key types: 1️⃣ Network fees (gas/transaction) – paid to miners/validators. 2️⃣ Platform fees (exchange/withdrawal) – paid to the service provider. 3️⃣ Slippage fees – when price changes during a trade.
💡 Tips to save:
✅ Use lower-fee networks (Layer 2, Solana, etc.).
✅ Batch transactions if possible.
✅ Time your transactions when the network is less busy!
🔎 Keep your eyes on the fees—don’t let them eat into your gains!