Transaction fees for cryptocurrency or crypto fees are the costs incurred to carry out transactions using the blockchain network. These fees are usually paid to miners or validators who process or validate transactions on the blockchain.

Factors affecting bitcoin fees:

•Network congestion: the more transactions that are made, the higher the fees incurred.

•Transaction priority: transactions with high priority will be processed faster.

•Type of cryptocurrency: transaction fees can vary depending on the type of cryptocurrency used.

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