#CryptoFees101 Understanding crypto transaction fees is key! These charges incentivize miners/validators to process your transactions and secure the network. Fees fluctuate based on network congestion (high demand = higher fees), transaction size, and the specific blockchain. Bitcoin fees are byte-based, while Ethereum uses "gas."

Tips to reduce fees:

* Time your transactions for off-peak hours.

* Consider using Layer 2 solutions for certain networks.

* Utilize native exchange tokens for trading fee discounts.

* Consolidate smaller trades into larger ones when possible.

* Explore decentralized exchanges (DEXs) which sometimes have lower fees.

Always check current fee estimates before transacting!

#CryptoFees101