#CryptoFees101 Crypto fees or commissions in cryptocurrencies are charges that are paid for making transactions on a blockchain network. These fees serve an essential function: to compensate miners or validators who process and verify transactions. In networks like Bitcoin, the fees are paid to miners who add transactions to the blocks. In Ethereum, units called gas are used, which represent the computational cost of executing operations.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.