#CryptoFees101 #CryptoFees101
đ¸ A \$500,000 Crypto Mistake You Can Avoid đ¤Ż
In September 2023, someone paid 300+$ETH âyes, over $500Kâjust to send one transaction. A tiny click, a massive slip. đŹ
Why it matters:
Crypto transaction fees (aka âgasâ on Ethereum) reward validators and block spammers. But they arenât fixedâthey spike when the network's busy.
Set it too low? Your tx hangs. Too high? You might pay a fortune.
Most wallets suggest a feeâbut always double-check. đ§
That lucky user got their ETH back. You might not. A few seconds of caution can save your entire bag. đâ