#CryptoFees101

Cryptocurrency fees are essential for network operation and typically fall into several categories. Network transaction fees (e.g., "gas fees" on Ethereum) compensate miners or validators for processing and securing transactions on the blockchain. These vary based on network congestion and transaction complexity. Exchange fees are charged by centralized exchanges for trading (maker/taker fees), deposits, and withdrawals. They can be a percentage of the trade or fixed, often tiered based on trading volume. Lastly, some wallet fees may apply for in-app features or conversions. Understanding these diverse fees is crucial for managing costs and optimizing crypto transactions.