#CryptoFees101 #CryptoFees101: Transaction fees in cryptocurrency are the costs paid for processing and confirming transactions on the blockchain. These fees are typically calculated based on network traffic, transaction size (in bytes), and the desired processing speed. For example, the Bitcoin network uses fees to prioritize transactions in a block, while Ethereum charges gas fees for smart contracts. Higher fees help transactions get confirmed faster, especially when the network is congested. To save money, users can choose times when the network is less loaded or use wallets that support dynamic fees. Understanding fees helps optimize costs and the transaction experience.