#CryptoFees101 One of the most surprising aspects of the crypto world is the fees. And, man, they exist everywhere: to buy, to sell, to transfer, to breathe… almost that.
The most well-known is the network fee, which goes directly to miners or validators. In the case of Ethereum, for example, this is called gas fee. Some days it’s fine, but there are times when it feels like a toll on a privatized road. In Solana or Avalanche, the fees are much gentler.
Additionally, there’s the broker fee, which can occur both at the time of the transaction and during withdrawal. Centralized brokers like Binance or OKX tend to charge less on their own network, but if you withdraw to another network like ERC20, it can hurt your wallet.
And if you use DeFi? Then it’s good to look closely because there are swap fees, slippage fees, protocol fees… the key is to study well where you’re entering.
Summary of the situation: if you’re not careful, you can lose a good amount just in fees. That’s why you should always compare networks, check the time of day with less traffic, and understand what you’re paying. Fees are like that cover charge at a restaurant that nobody asked for. Only those who mess up pay.