#CryptoFees101 Crypto fees are an often-discussed, and sometimes frustrating, aspect of navigating the world of digital assets. Whether you're making a simple transfer, trading on an exchange, or interacting with decentralized applications (dApps), you'll encounter various costs. Understanding these fees is crucial for managing your crypto effectively.
What are Crypto Fees?
At their core, crypto fees are the costs associated with processing transactions and operations on a blockchain network. They serve as an incentive for "miners" or "validators" to verify and add your transaction to the blockchain. Without these fees, there would be no incentive for participants to maintain the network's security and integrity.