#CryptoFees101

💸 Crypto Fees 101: Where Does Your Money Go? 🤔

Before you hit "send" on that crypto transaction, know this: fees matter.

Here’s a quick breakdown 🧠👇

🔹 Network Fees (Gas Fees)

Paid to miners/validators to process your transaction.

📌 ETH = Gas

📌 BTC = Miner fee

⛽ Tip: Fees rise when networks are congested.

🔹 Exchange Fees

Centralized exchanges (like Binance, Coinbase) charge:

✅ Trading fees (buy/sell)

✅ Withdrawal fees

✅ Sometimes even deposit fees!

🔹 Slippage

Not a “fee,” but still costs you.

It’s the difference between expected & executed price, especially in volatile markets or low liquidity.

📊 How to Save on Fees:

✅ Trade during low-traffic times

✅ Use Layer 2 solutions (like Arbitrum, Polygon)

✅ Compare exchange rates

✅ Don’t forget those hidden costs!

Crypto isn't free—but smart users don’t overpay. 🧠💼

#CryptoFees #CryptoTips #Blockchain101 #DeFiEducation #GasFeesExplained