#CryptoFees101 Crypto fees are charges applied when making transactions on blockchain networks. These fees, often called “gas fees,” compensate miners or validators for processing and confirming transactions. The amount varies based on network demand, transaction size, and blockchain type. For example, Ethereum fees can spike during high traffic, making small transfers costly. Fees help prevent spam and ensure network security by incentivizing participants. Some blockchains, like Binance Smart Chain or Solana, offer lower fees due to different consensus mechanisms. Understanding crypto fees is crucial for users to optimize transaction timing and costs, especially in decentralized finance (DeFi) or trading where frequent transfers occur.