#CryptoFees101


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Crypto fees and commissions: what they are and what they are for
We help you understand the variable costs of operating with cryptocurrencies, which depend not only on each blockchain network but also on the dapps we use.

Santiago Juarros
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Head of Marketing

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Nov 25, 2022 2:43 PM
"Ethereum gas is very high"... "Trading on Solana is cheaper for me"... "I only play play-to-earn on the Binance Smart Chain because of the fees". If you've been around the crypto ecosystem for a while, you certainly hear these types of phrases quite often.
Fees are amounts paid when operating with cryptocurrencies (and with other types of blockchain tools, such as NFTs), and are a daily matter for anyone dedicated to trading, or for those who are constantly trying to optimize their token and cryptocurrency portfolios.
These amounts represent a payment for using a network or a crypto tool based on blockchain, and are generally allocated to its maintenance: in some cases, they cover the mining costs of the operations and in others represent a payment for the services offered by a platform, such as an exchange.
Where the price of a fee comes from
Keep in mind that these fees serve to regulate two aspects of the crypto ecosystem. On one hand, having a cost to "do things" on blockchain networks keeps the environment cleaner and more serious. And, on the other, it finances a transparent system of validation and recording of operations, known as mining.
