#CryptoFees101 #CryptoFees101
Let’s break it down — not all fees are created equal in crypto! 🚀
Here are the main types you’ll encounter:
💸 1️⃣ Network Fees (Gas Fees)
Paid to blockchain validators.
Example: ETH gas fee when sending tokens.
🏦 2️⃣ Exchange Fees
Charged by exchanges for buying/selling/trading.
Types: maker fee, taker fee.
🗃️ 3️⃣ Withdrawal Fees
Paid when moving funds from an exchange to your wallet.
🧩 4️⃣ Protocol Fees
In DeFi, you might pay fees to liquidity providers, protocols, or DAOs.