#CryptoFees101
💸 Crypto Fees 101: What Are You Really Paying For? 📉💱
Every time you make a crypto transaction, fees are involved—but what are they and why do they matter?
🔹 Network Fees (Gas Fees): These go to blockchain validators/miners for processing your transaction. Ethereum is known for high gas fees, while networks like Solana or Polygon offer cheaper alternatives.
🔸 Exchange Fees: Centralized exchanges (CEXs) charge trading fees, deposit/withdrawal fees, and sometimes spread costs. Always check the fee structure before trading.
🔹 Slippage: This isn’t a fee per se, but it’s the difference between the expected and executed price—often due to low liquidity.
💡 Tip: Use limit orders, choose low-fee platforms, and avoid peak hours to save on fees.