Welcome to CryptoFees101!
In the world of cryptocurrency, understanding fees is key to smart transactions. Whether you're sending Bitcoin, swapping tokens on DeFi platforms, or minting NFTs, every action involves fees — often called 'gas fees' on networks like Ethereum. These fees compensate miners or validators who process and secure your transaction. Fees can vary based on network congestion and transaction size. Lower fees usually mean slower processing; higher fees can prioritize your transaction. Stay informed, compare networks, and always check current rates before transacting. Mastering crypto fees helps you save money and navigate blockchain ecosystems more effectively. Happy transacting!
