Ever wonder why you need to pay extra fees when sending crypto? These are called gas fees, and they’re like paying for fuel to power your transaction on the blockchain.
Think of the blockchain network as a busy highway. Gas fees are tolls you pay to the network’s workers who process and verify your transaction. The busier the network, the higher these fees can get.
Gas fees are calculated based on two things: how complex your transaction is and how busy the network is at that moment. Just like rush hour traffic costs more, peak crypto trading times mean higher fees.
Here’s how you can save money on gas fees:
Check network activity before transacting
Consider off-peak hours
Use gas trackers to find the best times
Look for Layer 2 solutions with lower fees
Understanding gas fees helps you make smarter crypto transactions.
Always check the fees before confirming!
