#CryptoFees101

๐Ÿ’ธ #CryptoFees101: Where Do Your Crypto Fees Go? ๐Ÿ’ธ

Ever wonder why you're charged a fee every time you trade, transfer, or swap crypto? Letโ€™s break it down:

๐Ÿ“Š 1. Network Fees (Gas Fees)

Paid to miners or validators to process your transaction.

โš ๏ธ Varies by network:

Ethereum = High fees during congestion

Solana/Polygon = Much cheaper

๐Ÿฆ 2. Exchange Fees

Charged by platforms like Binance, Coinbase, or Uniswap.

Maker Fees: When you add liquidity

Taker Fees: When you take from the order book

๐Ÿง  3. Hidden Fees

Watch for slippage, spread, and withdrawal chargesโ€”those cents add up!

๐Ÿ’ก Pro Tip: Use Layer 2 solutions, choose low-fee networks, and always check the fee breakdown before hitting "Confirm."

Understanding fees = keeping more of your crypto!

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