What are crypto transaction fees?

2021-10-26

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One common question people ask is why there are so many fees when using crypto. Why do we pay these fees, and where do they go? In this episode, we’re breaking down all the fees, so you know what you’re paying for and might be able to pay less in the future. In part one, we talk about network fees, which are paid to miners of a blockchain. In part two, we explain the different fees centralized exchanges charge their customers. And finally, we look at ways to optimize the amount of fees paid on your crypto jour...

One common question people ask is why there are so many fees when using crypto. Why do we pay these fees, and where do they go?

In this episode, we’re breaking down all the fees, so you know what you’re paying for and might be able to pay less in the future. In part one, we talk about network fees, which are paid to miners of a blockchain. In part two, we explain the different fees centralized exchanges charge their customers. And finally, we look at ways to optimize the amount of fees paid on your crypto journey.

The Zen Crypto Show is produced by ZenGo: the crypto wallet for everyone. Buy, trade, and earn with unbelievable simplicity, bulletproof security, and legendary customer support.

The Zen Crypto Show is hosted by Sebastien Couture.

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