#CryptoCharts101 Sure! Here’s a quick guide titled #CryptoFees101 to help you understand the different types of fees in the crypto world:

🔍 What Are Crypto Fees?

Crypto fees are charges that users pay for executing transactions on a blockchain or trading on exchanges. These fees can vary widely based on network activity, the platform used, and transaction type.

🧾 Types of Crypto Fees

1. Network (Blockchain) Fees

Also called gas fees, these are paid to miners (Proof of Work) or validators (Proof of Stake) for processing and confirming transactions.

Ethereum: Gas fees fluctuate based on network demand.

Bitcoin: Fees are based on transaction size (in bytes), not value.

Layer 2s (e.g., Arbitrum, Optimism): Lower fees, faster transactions.

👉 Tip: Use during low network congestion to save on gas!

2. Exchange Fees

Fees you pay when trading crypto on a platform.

Maker Fee: When you add liquidity (e.g., place a limit order).

Taker Fee: When you take liquidity (e.g., market order).

Withdrawal Fee: Charged when you transfer crypto out of the exchange.

🧠 Centralized Exchanges (CEXs):

e.g., Binance, Coinbase

Fee structures can be tiered based on 30-day trading volume.

🌐 Decentralized Exchanges (DEXs):

e.g., Uniswap, SushiSwap

Usually involve network fees + protocol fees (~0.3% per trade).

3. Wallet Fees

Some crypto wallets (especially custodial ones) may charge:

Transaction fees

Conversion/spread fees when swapping tokens

4. Hidden Fees

Beware of:

Slippage: Price difference between quote and execution.

Spreads: Difference between buy and sell price.

Subscription/Service Fees: Some platforms may charge monthly fees for premium features.

🔧 Tips to Minimize Fees

Use Layer 2 networks (e.g., zkSync, Base)

Trade during off-peak hours

Compare DEX vs. CEX for the best deal

Use wallets that aggregate liquidity (e.g., 1inch, MetaMask Swap)

Bundle transactions where possible

Would you like a visual infographic for this or want help calculating fees for a specific crypto action?