#CryptoFees101

#CryptoFees101

Cryptocurrency fees can be summarized into three main types: transfer fees, network fees, and platform fees. Transfer fees are paid to move currency from one wallet to another. Network fees (Gas Fees) go to the miners or validators who confirm transactions. Platform fees are the percentage that platforms like Binance or Coinbase take when buying or selling. These fees vary depending on network congestion and the type of currency. Always check the fees before any transaction to avoid losing a lot of your profits.