#CryptoFees101 **#CryptoFees101: Understanding Transaction Costs**

Crypto fees are payments required to process transactions on blockchain networks. These fees compensate miners or validators for securing the network. Factors affecting fees include:

- **Network congestion** – Higher demand increases costs.

- **Transaction speed** – Faster processing requires higher fees.

- **Blockchain type** – Fees vary (e.g., Bitcoin vs. Ethereum).

To save on fees:

- Use layer-2 solutions (e.g., Lightning Network).

- Trade during low-activity periods.

- Choose blockchains with lower costs (e.g., Solana).

Understanding crypto fees helps optimize transactions and avoid overpaying. Stay informed to make cost-effective moves in the crypto space! #Crypto #Blockchain #defi