#CryptoFees101

Cryptocurrency fees are the costs imposed when executing transactions on blockchain networks. These fees vary depending on the network (such as Bitcoin or Ethereum) and the level of congestion. Fees are used to incentivize miners or validators to process transactions and secure the network. In Bitcoin, they are known as "Miner Fees," while in Ethereum they are called "Gas Fees." The fees change dynamically; they increase during high demand and decrease during quieter times. Some networks like Solana and Tron offer low fees, while they can be very high in Ethereum. When using wallets or platforms, additional fees may apply. Understanding the fees is essential to estimate the cost of transfers and make the most of the network. Choose the network and wallet wisely to minimize costs and maximize efficiency.