#CryptoFees101 Crypto fees 101 refers to the costs associated with transactions in the cryptocurrency network. These fees vary depending on the blockchain's congestion and the transaction's complexity. Miners or validators prioritize transactions with higher fees, affecting confirmation times. Users can choose to set their fees based on urgency; higher fees result in faster processing. Different cryptocurrencies have distinct fee structures—Bitcoin's fees can fluctuate significantly, while others like Ethereum may charge gas fees based on network demand. Understanding these dynamics helps users manage costs effectively, optimize transaction timing, and improve overall efficiency in their cryptocurrency dealings.