What is gas fee when transferring crypto?

What Is Gas Fee When Transferring Crypto?

When you transfer crypto on a network like Ethereum, you pay a "gas" fee to have the transaction processed. Gas is paid in the network's native coin (e.g. ETH on Ethereum). The fee depends on network congestion and how complex the transaction is. Your wallet usually suggests a gas price; you can adjust it (higher for faster confirmation). If you do not have enough native coin for gas, the transaction will fail. On Bitcoin, you pay a transaction fee in BTC. Different chains have different fee structures.