#CryptoFees101 🔍 In the crypto world, understanding fees is essential! #CryptoFees101

Every transaction on the blockchain incurs fees. These fees go to miners or validators and vary depending on the network and congestion. For example, on the Ethereum (ETH) network, fees rise during peak times because everyone pays more to have their transaction confirmed first. Meanwhile, networks like Solana offer much lower fees. Fees can influence your decision in choosing the network or platform. Calculate them correctly before every transfer, as fees can eat into your profits! 🧠

Follow to understand the differences and how to save on them.

#Crypto #Ethereum #Web3 #DeFi