#CryptoFees101 Crypto Fees 101: A Beginner's GuideCryptocurrency fees are costs associated with transactions, trading, or other activities on blockchain networks and exchanges. Understanding these fees is key to managing costs and optimizing your crypto experience. Here’s a breakdown:1. Types of Crypto FeesNetwork Fees (Gas Fees)Definition: Charges paid to blockchain networks to process and validate transactions.Purpose: Compensate miners or validators for their computational work and deter spam.Examples: Bitcoin’s transaction fees (in satoshis/byte), Ethereum’s gas fees (in ETH, based on gas units and price).Variation: Fees fluctuate with network congestion—higher demand means higher costs.Trading FeesDefinition: Costs charged by exchanges for buying, selling, or swapping crypto.Maker vs. Taker:Maker Fees: Lower fees for adding liquidity (e.g., limit orders not instantly filled).Taker Fees: Higher fees for removing liquidity (e.g., market orders filled immediately).Range: Typically 0.1% to 0.5%, varying by exchange and trading volume.Deposit/Withdrawal FeesDefinition: Charges for moving funds to or from an exchange or wallet.