#CryptoFees101

**#CryptoFees101: Understanding Transaction Costs**

Crypto fees are payments required to process transactions on blockchain networks. These fees vary based on network congestion, transaction size, and urgency.

- **Bitcoin & Ethereum**: Use a competitive fee model—higher fees speed up transactions.

- **Altcoins**: Some offer low fees (e.g., Litecoin, Solana) by optimizing consensus mechanisms.

- **Layer 2 Solutions**: Networks like Polygon reduce fees by processing transactions off-chain.

**Why Fees Matter?** High fees can make small transactions impractical, while low fees may delay processing. Always check fee estimators before sending crypto!

Stay smart—research fees to optimize costs! #Blockchain #CryptoBasics