#CryptoFees101 #CryptoFees101

Crypto fees are the costs you pay when executing transactions on blockchain networks like Bitcoin or Ethereum. These fees vary depending on the network, transaction size, and network congestion. In some networks like Bitcoin, fees are calculated based on data size, while in Ethereum they are calculated using "gas." Fees can increase significantly during times of congestion. Some exchanges impose additional fees for trading or withdrawals. Understanding the fees helps you choose the right timing and execute transactions at the lowest cost. Follow Layer 2 networks to reduce fees. Always calculate the cost before sending cryptocurrencies!