Paying Fees in Crypto
Fees are a core part of any transaction on blockchain networks. These are known as Gas Fees, especially on networks like Ethereum. The fee amount varies based on network congestion and the transaction’s desired speed. Users pay these fees to miners or validators for processing and recording the transaction on the blockchain. With the growth of digital currencies, solutions like Layer 2 networks have emerged to reduce fees and speed up transactions. Some wallets and platforms now allow users to choose lower fees or pay them using stablecoins or the platform’s native token.
