#CryptoFees101

CryptoFees 101

In the crypto world, every transaction has a cost: it's called a fee. It serves to reward those who keep the network active (validators or miners) and to prevent spam. On Ethereum, for example, you pay a gas fee that varies based on congestion. On Bitcoin, however, it is a tx fee calculated in satoshis per byte. Even platforms like Uniswap or Binance apply trading fees or withdrawal fees.

Want to save? Use Layer 2 solutions like Arbitrum or Optimism, avoid peak hours, and monitor fees with sites like cryptofees.info or l2fees.info.

Understanding where the fees go is essential: on Ethereum, they are partially burned and partially distributed. On centralized platforms, they end up in the exchange's coffers.

Fees are more than just a cost: they are a thermometer of activity on the blockchain. Using them wisely allows you to move like a true expert.