#CryptoFees101 💸 Understanding Crypto Fees: What You Need to Know 🔍
When trading or transferring crypto, fees can add up fast if you're not careful. Here’s a quick breakdown:
✅ Trading Fees – Charged by exchanges every time you buy or sell. Usually between 0.1%–0.5%.
✅ Withdrawal Fees – Applied when moving crypto from an exchange to your wallet. Varies by coin.
✅ Gas Fees – Paid on blockchains like Ethereum to process transactions. These can spike during high network activity.
✅ Network Fees – Charged by the blockchain itself (like Bitcoin or Litecoin) for confirming transactions.
💡 Tip: Always compare fees across platforms and choose low-fee options when possible!