#CryptoFees101 The Cost of Moving Your Digital Money

Oh, well! This cryptocurrency thing is the best, super trendy and all! But as with everything good, there’s always a "catch": the commissions, or as we say in the crypto jargon, the "fees".

#CryptoFees101 is basically understanding that every time you make a transaction, whether buying, selling, or sending your #BTC #bitcoins or ethers, there’s a small cost associated. It's not that they are robbing you, not at all! It’s what is paid to the "miners" or to the network for processing your operation and keeping everything running.

These commissions can vary, sometimes they are a pittance, but other times, my God!, if the network is congested, they get more expensive than a coffee in Las Mercedes. That’s why, a good savvy person like you should be aware of how much you’re going to pay before hitting "send", because if not, you could end up paying more in fees than what you’re moving. How awful!