#CryptoFees101 – Why Your $20 Trade Becomes $18.50 💸
Ever send crypto and think *"Wait, where did that extra dollar go?"* Let’s break it down:
🔹 Network Fees (Gas)
- The "shipping cost" for blockchain transactions
- ETH at 8am: $1.50 | ETH at 8pm: $15 (RIP)
- Pro tip: Use L2s (Arbitrum, Polygon) to dodge high fees
🔹 Exchange Fees
- Coinbase/Binance take 0.1%-0.6% per trade
- DEXs like Uniswap take 0.3% (plus network fees!)
🔹 Hidden Costs
- Slippage on low-liquidity trades
- Stablecoin conversions (USDC → USDT = tiny haircut)
💰 Fee Hacks:
1️⃣ Time transfers for low-gas periods (weekends!)
2️⃣ Stack exchange discounts with native tokens
3️⃣ Always check the final amount before hitting confirm
Fun fact:Sending $100 of BTC can cost $0.10 or $10 depending how busy the network is. Wild, right?
What’s your most ridiculous fee story? Mine was paying $28 to claim $5 of DeFi rewards 😭
