Learning crypto from scratch — Day 10 📚
Moving crypto also has a cost: the network fee.
If you send $USDT on Ethereum, the network charges a fee that is normally paid in $ETH . On Solana, fees are paid in $SOL .
It’s not “a coin tax”: it’s the cost of processing and recording the transaction on that network.
That’s why the same transfer can cost different amounts depending on the network you choose.
Tomorrow: who really receives those fees?
#LearnCrypto
Moving crypto also has a cost: the network fee.
If you send $USDT on Ethereum, the network charges a fee that is normally paid in $ETH . On Solana, fees are paid in $SOL .
It’s not “a coin tax”: it’s the cost of processing and recording the transaction on that network.
That’s why the same transfer can cost different amounts depending on the network you choose.
Tomorrow: who really receives those fees?
#LearnCrypto