#24 WHICH IS BETTER ?
Fiat currency
Fiat currencies are forms of legal tender that governments control. These currencies are generally not tied to the value of another commodity, such as gold. Instead, their value is tied to government and economic stability.
What Are Bank Fees?
The term bank fees refers to any charges imposed by financial institutions on their personal and business customers for account set-up, maintenance, and minor transactional services. These fees may be charged on a one-time or ongoing basis.
Examples of bank fees range from account maintenance charges, withdrawal and transfer fees, card charges, automated teller machine (ATM) fees, non-sufficient fund (NSF) fees, late payment charges, and others.
Cryptocurrency
Cryptocurrencies are digital assets that use blockchain technology, or a similar distributed ledger technology, to track, validate, and secure transactions.
What are Crypto Fees?
A cryptocurrency network fee, also known as a transaction fee, is a small amount of cryptocurrency paid to incentivize miners/validators to include the transaction in the next block of the blockchain. The fee amount can vary based on the congestion of the network and the size of the transaction.
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