$USDC
Transaction fees in cryptocurrencies are a necessary cost to ensure the speed and security of the network. They vary depending on network congestion and the type of currency; for example, Bitcoin fees may be higher than Litecoin fees. They are paid to miners or validators as a reward for confirming transactions.
To reduce costs:
- Choose less busy times.
- Use Layer 2 networks like the Lightning Network.
- Manually adjust Gas fees in Ethereum.
⚠️ Note: Low fees may slow down the transaction!