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Why Do We Need to Pay Crypto Gas Fees For Transactions?

Ever wondered why Ethereum and other blockchains charge gas fees? Discover what gas fees are, why you pay them, and how they keep the network secure and efficient! Related Videos 📺 Why is Ethereum Called ULTRASOUND Money? 👉    • Why is Ethereum Called ULTRASOUND Mon...   Read 📖 What Gas Fees Are and How to Calculate It? 👉 https://www.coingecko.com/learn/gas-fees Browse Our BEST Videos 🔥 What Happens When ALL 21 Million Bitcoin Are Mined? 👉    • What Happens When ALL 21 Million Bitc...   How HIGH Can Bitcoin go in 2024? 👉    • How HIGH Can Bitcoin go in 2024?? Top...   Coins VS Tokens: What's the Difference? 👉    • Coins VS Tokens: What's the Differenc...   What Is MetaMask? Beginner's MetaMask Tutorial In 2025! 👉    • What Is MetaMask? | Beginner's MetaMa...   Links 🔗 CoinGecko: https://www.coingecko.com/ GeckoTerminal: https://www.geckoterminal.com/ Timestamps: 00:00 Intro 00:19 What are Gas Fees? 00:43 How does Gas work? 01:29 Why do we need to pay gas fees? 03:10 Outro Download CoinGecko App!📱 iOS: https://gcko.io/coingecko-ios Android: https://gcko.io/coingecko-android Follow us! Twitter:   / coingecko   Instagram:   / coingecko   TikTok:   / coingeckotv   Telegram: https://t.me/coingecko Subscribe to CoinGecko's Newsletter! 📩 https://newsletter.coingecko.com/land... _____________________________ #gasfees #gas #gwei #ethereum #eth #cryptowallets #wallet #blockchaintechnology #animation #animationvideo #cryptocurrency #crypto #cryptoeducation #cryptobeginners #coingecko