#CryptoFees101 Crypto fees are small charges paid when making transactions on a blockchain. These fees compensate miners or validators who process and secure the network. Fees vary based on the blockchain (e.g., Bitcoin, Ethereum) and network activity—higher demand often means higher fees. There are two main types: network fees, paid to confirm transactions, and platform fees, charged by exchanges or wallets. Ethereum often has higher fees due to smart contracts and congestion. Some blockchains, like Solana or Polygon, offer lower fees. Understanding crypto fees helps users choose the most efficient and cost-effective ways to trade or transfer digital assets.
