#CryptoFees101 What are fees in crypto and why are they important?

Every transaction in the blockchain is accompanied by a fee. But why do you have to pay it at all and where does it go?

🔹 1. Fee = Processing Charge

When you send crypto, your transaction must be confirmed by the network (miners or validators). For this, they receive a fee.

🔹 2. Affects transaction speed

The higher the fee, the faster your operation will be processed. Want it fast? Pay more.

🔹 3. Each network has its own rules

Bitcoin – depends on the size of the transaction data.

Ethereum – has gas, which changes depending on the load.

Solana, Avalanche, Polygon – often cheaper, but have nuances.

🔹 4. DeFi, NFT, and DEX also take their cut

Even if you are not just transferring crypto but interacting with smart contracts.