#CryptoFees101

💸 Why do we pay fees when transferring cryptocurrency?

Every transaction on the blockchain requires confirmation, and this is done by miners or validators. They spend resources, energy, and time — so they get rewarded. These payments are the transaction fees. The fee can be fixed, floating, or depend on network congestion. For example, during high activity, fees can rise sharply, as is often the case in Ethereum. On Binance, you can choose a coin with minimal fees — for example, Tron (TRX) or BSC. Understanding the essence of the fee helps to save and plan. Fees are not a 'punishment,' but an incentive to maintain blockchain security.

🔍 Trade wisely.

#CryptoFees101