When you perform a transaction on blockchain, you have to pay a transaction fee. This fee is called gas fee. You are basically paying a miner to go out and recieve crypto for you. You can choose higher fees for faster transactions or lower fees for slower transactions.
Related Articles
-
What is APR?
- 0
- 181
-
What is PNL (Profit and Loss)
- 0
- 264
-
What is Ethereum?
- 4
- 491
-
What is Genesis Block?
- 2
- 487
-
How to backup your wallet through recovery phase?
- 1
- 465
-
What is APY?
- 3
- 594