#CryptoFees101 Crypto fees are charges incurred when performing transactions on blockchain networks. These fees serve two main purposes: incentivizing miners or validators to process and confirm transactions, and preventing spam on the network. The structure and amount of fees vary depending on the blockchain and its consensus mechanism.

There are several types of crypto fees:

1. Network Fees (Gas Fees): Common in blockchains like Ethereum, paid to miners/validators.

2. Exchange Fees: Charged by crypto exchanges for trading, depositing, or withdrawing assets.

3. Wallet Fees: Some wallets may charge small transaction or service fees