#TradingMistakes101 "CryptoFees101" sounds like a beginner's guide or explanation to understanding fees in cryptocurrency. Here's a breakdown of the topic that would fit under that title:
š CryptoFees101: Understanding Cryptocurrency Fees
š What Are Crypto Fees?
Crypto fees are small charges applied to transactions made on a blockchain network. These fees help maintain the network and compensate miners or validators who process and secure the transactions.
āļø Types of Crypto Fees
1. Network/Transaction Fees
Purpose: Paid to miners/validators to process transactions.
Examples:
Bitcoin: Fees paid to miners.
Ethereum: Fees are called gas, based on computation and storage.
Solana, Avalanche, etc.: Usually very low but still required.
2. Exchange Fees
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