Blockchain Network Fee

A blockchain fee refers to the transaction fee charged to users when they perform cryptocurrency transactions. This fee is levied to facilitate the processing of transactions on the blockchain network.

To ensure timely processing of your cryptocurrency transfers, it is important to pay the blockchain fee. This fee serves as a crucial tool in accelerating crypto transactions, particularly in cases of high congestion on the blockchain network. A lower blockchain fee translates to lower priority for your transaction in the blockchain network.