#CryptoFees101 Understanding crypto fees is essential for both beginners and experienced traders. Every transaction on a blockchain involves a fee, often called a gas fee, which compensates miners or validators for processing and securing the network. These fees can vary significantly depending on network congestion and the type of blockchain. For example, Ethereum fees tend to be higher during peak hours, while networks like Solana offer faster and cheaper transactions. Knowing when and how to trade can help you save money. Tools like gas trackers and layer 2 solutions also help reduce costs. Always calculate fees before trading.
#CryptoFees101