#CryptoFees101 Crypto fees are charges incurred when transacting on a blockchain network. These fees compensate miners or validators who process and confirm transactions. The amount varies depending on network congestion, transaction size, and blockchain protocol. For example, Ethereum uses "gas fees," which fluctuate based on demand. Bitcoin fees also rise during periods of high activity. Some blockchains, like Solana or Polygon, offer much lower fees due to their high throughput. Fees can also apply when using crypto exchanges—these include trading fees, withdrawal fees, and sometimes deposit fees. Understanding crypto fees is essential for cost-effective transactions and efficient portfolio management in decentralized finance.

#cryptofees 101