#CryptoFees101
💸 #CryptoFees101: Where Do Your Crypto Fees Go? 💸
Ever wonder why you're charged a fee every time you trade, transfer, or swap crypto? Let’s break it down:
📊 1. Network Fees (Gas Fees)
Paid to miners or validators to process your transaction.
⚠️ Varies by network:
Ethereum = High fees during congestion
Solana/Polygon = Much cheaper
🏦 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
🧠 3. Hidden Fees
Watch for slippage, spread, and withdrawal charges—those cents add up!
💡 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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