🔥 Crypto essentials: Gas fees
Gas fees mainly depend on how congested the network is: each block can only fit a limited number of transactions, so the more people want to use the network, the higher the base fee automatically gets.
If you're not in a hurry, try to avoid busy times when making transfers—Gas fees are often much lower then.
$ETH is the native currency used to pay Gas fees on the Ethereum mainnet.
If you know someone who's new to crypto, feel free to share this with them.
Gas fees mainly depend on how congested the network is: each block can only fit a limited number of transactions, so the more people want to use the network, the higher the base fee automatically gets.
If you're not in a hurry, try to avoid busy times when making transfers—Gas fees are often much lower then.
$ETH is the native currency used to pay Gas fees on the Ethereum mainnet.
If you know someone who's new to crypto, feel free to share this with them.