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The Wall Street Publication > Blog > Markets > Crypto and Its Many Fees: What to Know About the Hidden Costs
Markets

Crypto and Its Many Fees: What to Know About the Hidden Costs

Last updated: December 18, 2021 11:00 am
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Crypto and Its Many Fees: What to Know About the Hidden Costs
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Cryptocurrencies are designed to trade across online networks, without the need for banks or government support. Many new investors are surprised, however, to learn there are costs to using digital cash, including unexpected fees. Below are some frequently asked questions.

What are crypto fees?

Crypto fees are essentially processing fees built into the networks that maintain bitcoin and other cryptocurrencies. In addition, third-party services like exchanges, trading apps and ATMs charge their own fees.

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