Are there any fees associated with using Tezos?
Yes, there are fees associated with using Tezos.
These fees are paid in the form of "gas" or "transaction fees" and are used to pay for the computational resources required to process a transaction on the Tezos blockchain. Gas is paid in XTZ, the native token of Tezos. The amount of gas required for a transaction depends on its complexity and size.
The cost of gas is determined by two factors: the amount of computation required to process a transaction (measured in “gas units”) and the current market price of XTZ. As with other cryptocurrencies, the cost of gas fluctuates depending on network demand and supply. In addition to paying for gas, users may also be charged a fee by their wallet provider or exchange when sending or receiving XTZ tokens.
This fee is typically much lower than the cost of gas and is used to cover operational costs associated with running a wallet or exchange service.
