#CryptoFees101

**Understanding Crypto Fees: What You Need to Know**

Crypto fees are transaction costs paid to miners or validators for processing transactions on blockchain networks. These fees vary depending on network congestion, transaction speed, and blockchain type.

👉**Types of Crypto Fees:**

- **Transaction Fees** – Paid for sending crypto (e.g., $BTC Bitcoin’s miner fees, Ethereum’s gas fees).

- **Exchange Fees** – Charged by trading platforms for buying/selling crypto.

- **Withdrawal Fees** – Costs when moving crypto off an exchange.

👉 **Why Fees Matter:**

High fees can make small transactions costly, especially on busy networks like Ethereum. Some blockchains (e.g., Solana, Binance Smart Chain) offer lower fees for faster transactions.

👉 **How to Save on Fees:**

- Use Layer 2 solutions (e.g., Lightning Network).

- Trade during low-traffic times.

- Choose low-fee blockchains when possible.