#CryptoFees101

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