#TradingMistakes101 Imagine that you are making a cryptocurrency transaction and accidentally pay a $500,000 fee. Sounds crazy, right? But this actually happened in September 2023. One user ended up burning over 300 ETH — just to transfer part of the funds.

It was not fraud. It was a simple mistake. One wrong number. One tiny error. And poof — half a million dollars disappeared.

So what are these "fees"? 🤔

Every time you make a transaction on the blockchain (for example, Ethereum), you pay a fee, which is also called "gas."

Here’s why they exist:

🔥 They reward validators/miners for confirming your transaction

🛡️ They protect the network from spam and overload.