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Get your taxes done using TurboTax
We can recommend no authorities other than tax authorities. But the Motley Fool explains the issue.
What are cryptocurrency transaction fees?
A transaction fee is a charge that is attached when you're buying or selling something. As the saying goes, there's no such thing as a free lunch. For cryptocurrencies, that means charging fees at a couple of different levels to keep the blockchain networks running.
Cryptocurrency transaction fees come in different varieties:
- Trading fees
- Blockchain wallet fees
- Built-in transaction fees
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