#CryptoFees101
đ¸ The $400K Mistake You Really Donât Want to Make đľâđŤ
In January 2024, someone accidentally paid 220+ ETHâover $400,000âjust to send one transaction.
One click. One fee. One brutally expensive lesson. đŹđ
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Why This Matters:
â˝ Gas Fees power the networkâpaying validators and preventing spam.
But theyâre dynamic, not fixed. When network traffic spikes, so do the fees. đ
Set it too low? Your transaction sits there... frozen. đ§
Set it too high? Congratsâyou just tipped the blockchain gods. đŤ
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â ď¸ Wallets Estimate â But You Should Verify
Most wallets auto-calculate gas fees, but they donât always get it right.
Always review before hitting confirm.
That unlucky user got a refund (eventually).
You might not.
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đ Pro Tip:
Two seconds of attention could save your entire portfolio.
Double-check. Every time. â