#CryptoFees101 Why do they charge you a fee for transferring crypto? And how does it even work?
Let's break it down simply and without pain:
🔹 What is a crypto fee?
It is the payment for your transaction to be processed and recorded on the blockchain. Without it — like a letter without a stamp: it won’t arrive.
🔹 Where does the fee amount come from?
👉 It depends on the network.
Ethereum — can be expensive, especially during peak hours.
Solana, Polygon, Arbitrum — almost free.
👉 It depends on the network load.
More people — higher demand — higher fees. Like Uber in the rain ☔️
🔹 Where does this money go?
It is paid not to the “system,” but to miners or validators — those who support the network and confirm transactions.
🔹 How to save?
✔ Use networks with low fees (for example, Solana or Layer 2 on Ethereum).
✔ Send during off-peak times.
✔ Check the fee before sending — it’s visible in wallets.