#CryptoFees101 CryptoFees101: In the world of cryptocurrencies, fees are charges paid for processing transactions on a blockchain. These fees incentivize miners (in proof-of-work systems) or validators (in proof-of-stake systems) to maintain the network. Common types include gas fees (on Ethereum), trading fees (on exchanges like Binance or Coinbase), and withdrawal fees. Gas fees can vary based on network congestion—higher demand means higher costs. Layer-2 solutions and alternative blockchains like Solana or Polygon aim to reduce fees. Understanding fees is essential for managing costs, especially during peak times or when moving assets between platforms. Always check current fees before transacting.