#CryptoFees101 : WHAT YOU SHOULD KNOW
While crypto transactions may appear low-cost, they usually include crypto fees that vary by blockchain. Networks like Bitcoin and Ethereum charge network (or gas) fees to reward those who validate transactions. These fees can spike when the network is busy. Crypto platforms may also impose trading and withdrawal fees, adding to the overall cost. To minimize expenses, users can select exchanges with lower fees, avoid peak times, or use Layer 2 solutions for faster, cheaper transactions. A clear understanding of crypto fees helps users manage costs wisely and navigate digital assets more efficiently.
