Understanding Blockchain Fees - What You Need to Know.
A blockchain fee, or transaction fee, is a cost paid to miners or validators when sending a transaction. By offering a fee, you are incentivizing your transaction to be included in a block and added to the blockchain.
The fee can vary on the address type, the ‘size’ or data content of the transaction, and the current demand on the network. Different blockchains have different fee structures, costs and confirmation speeds. Some wallets will recommend the fee for the transaction or can set a fee based on priority.
You can check what fee you can expect to pay by looking at a fee estimator.
If it is a time-sensitive transaction, it may be best to pay a higher fee than the average to ensure your transaction is quickly picked up by a miner.