Every time you send any amount of cryptocurrency from your address to the other, you incur certain network transaction charges.
The actual fee you pay will always differ depending on the network you use. For instance, a BTC transaction will warrant a distinct transaction fee placed on the Ethereum or Tether network and so on.
These transaction fees are received by miners. In simple words, it is received by miners who verify the block on the network containing your particular transaction. The transaction rates typically increase with the popularity and growing usage of cryptocurrency networks.
Why do I pay fees for crypto transactions? Print
Modified on: Mon, 5 Jul, 2021 at 4:44 PM
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