#CryptoFees101
#CryptoFees101 đž
Ever wondered why your crypto transactions cost more or less sometimes? đ€ Welcome to Crypto Fees 101!
đč Network Fees (Gas): These are payments to miners/validators to process transactions. Think of them as tolls on a blockchain highway â busier roads = higher tolls!
đč Exchange Fees: Centralized exchanges (like Coinbase or Binance) often charge a % per trade. Always check the fee structure before trading.
đč Slippage: Not a fee per se, but can cost you if the price changes during your trade execution. Set limits to protect yourself.
đč Hidden Costs: Beware of wallet fees, withdrawal fees, and spreads (the difference between buy/sell prices).
đ§ Tip: Use tools like Etherscan Gas Tracker or Fee calculators to plan ahead and save!
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