#CryptoFees101 At their core, crypto fees are small amounts of cryptocurrency paid by users when they initiate transactions on a blockchain network or interact with cryptocurrency exchanges. These fees serve multiple purposes:

* Incentivizing Miners/Validators: On most blockchain networks (like Bitcoin's Proof-of-Work or Ethereum's Proof-of-Stake), fees are paid to miners or validators who dedicate their computational power or stake to verify transactions and secure the network. This compensation encourages them to continue their work.