What Are Crypto Transactions Fees?

Cryptocurrency transaction fees are a small amount of cryptocurrency charged to the user when they initiate a transaction on a blockchain network. These fees are paid to the network's validators, also known as miners or nodes, as a reward for verifying and processing the transaction. The fee is typically a small fraction of the total transaction amount and is paid in the same cryptocurrency as the transaction. The user determines the fee amount, which can vary based on the current…