#CryptoFees101 โ€” Understanding Crypto Transaction Fees

When you trade or move cryptocurrencies, you usually pay fees โ€” but what are they for?


๐Ÿ”น Network Fees (Gas Fees): Paid to miners or validators to confirm your transaction on the blockchain. Fees vary based on network congestion and blockchain type (Ethereum, Bitcoin, etc.).


๐Ÿ”น Trading Fees: Charged by exchanges (CEX or DEX) when you buy, sell, or swap crypto. Usually a small percentage of your trade value.


๐Ÿ”น Withdrawal Fees: When moving crypto off an exchange to a wallet, exchanges may charge a fixed fee.


๐Ÿ”น Slippage: Not a fee per se, but the difference between expected price and executed price during trading, especially on DEXs with lower liquidity.


๐Ÿ’ก Pro Tip: Check fees before trading! Using layer-2 solutions or off-peak times can save you big on gas fees.