#CryptoFees101

💸 What are fees in cryptocurrencies?

Fees in cryptocurrencies are the charges you pay for conducting transactions on the blockchain. They ensure the security of the network and reward miners or validators for processing transactions.

For example, in the Ethereum network, fees are called gas fees. Their amount depends on the network's load and the complexity of transactions. During periods of high activity, fees can increase significantly.

In Bitcoin, the fee depends on the size of the transaction in bytes and the current demand for including transactions in a block.

There are also alternatives — blockchains like Solana, Polygon, or Arbitrum offer significantly lower fees due to optimized protocols.

💡 Tip: Always check the fees before sending funds. Use wallets where you can manually adjust the fee amount to avoid overpaying.