#CryptoFees101

Understanding the Cost of Crypto Transactions

If you've ever wondered why sending crypto sometimes costs more than a coffee, you're not alone. Welcome to #CryptoFees101 — a quick guide to what those pesky fees are all about.

When you send, trade, or swap crypto, you're using a network like Ethereum or Bitcoin. These networks rely on miners or validators who process transactions — and they don’t work for free. That’s where fees come in. They're like digital tolls that keep the system moving.

Fees can vary wildly. Ethereum, for example, might charge a few cents one day and several dollars the next, depending on how busy the network is. Some blockchains, like Solana or Polygon, are known for being more budget-friendly.