#CryptoFees101

Refers to the basic concepts related to transaction fees in the world of cryptocurrencies. When sending or receiving cryptocurrencies like Bitcoin or Ethereum, fees known as "network fees" or "Gas Fees" are imposed. These fees vary depending on network congestion and the type of blockchain used. In networks like Ethereum, fees can rise significantly during periods of high activity. Some networks like Solana or Litecoin offer lower fees and faster processing times. Understanding crypto fees is essential to reduce costs and increase efficiency when trading or transferring. Smart wallets and platforms help to display expected costs before confirming transactions.