#CryptoFees101 Understanding Fees in the World of Cryptocurrencies
When you make a cryptocurrency transaction, not everything you send reaches its destination. A portion is 'eaten' by network fees, known as crypto fees. But what do they depend on?
Each network (like Bitcoin, Ethereum, Solana) has its own fee mechanisms. For instance, on Ethereum, you pay in 'gas', and the price can vary greatly depending on traffic. On Bitcoin, fees depend on the size of the transaction in bytes, not its value.
Fees are used to pay miners or validators, who keep the network secure and active. Want fast transactions? Often, you have to pay more.
In summary: fees are not unnecessary taxes, but the 'toll' for using a decentralized highway.
