#CryptoFees101

Crypto Fees 101 explains the basic costs associated with cryptocurrency transactions. Fees vary depending on the blockchain network, the type of transaction, and the platform used. Common fees include **network fees** (or gas fees), which compensate miners or validators for processing transactions, and **exchange fees**, charged by platforms like Binance or Coinbase for trades, deposits, or withdrawals. Some exchanges offer tiered fee structures or discounts for high-volume traders or native token use. Fees can fluctuate due to network congestion or market demand. Understanding crypto fees is essential for managing costs, especially during frequent trading or transfers, ensuring users make informed and cost-effective decisions.