9. Sending, Receiving & Fees
HODL Guide Pro · Crypto 101
Module 9 of 12
Module 9 of 12
Sending, Receiving & Fees
Moving crypto is simple once you know the three things that trip people up: addresses, networks, and fees. Get these right and transactions become routine.
How sending works
To receive, you share your wallet address (a long string, often shown as a QR code). To send, you paste the recipient’s address, pick the right network, pay a network fee, and confirm. After enough confirmations, it’s done — permanently.
Figure. Sending on the wrong network is a common, costly mistake — always match the network to the coin.
Why fees vary
Fees aren’t set by you — they reflect how busy the network is. When lots of people transact, fees rise. You can often choose speed vs. cost. For big transfers, the fee is tiny relative to the amount; for small ones, it can feel large, so timing and network choice matter.
Key takeaways
- Match the network to the coin, and verify the address every time.
- Fees track network congestion; higher fee = faster confirmation.
- Test with a small amount before large sends.
Educational purposes only — not financial, investment, or tax advice. Crypto is volatile; rules vary by country and change often. HODL Guide never asks for your seed phrase or private keys. Some links may be affiliate links; this never influences our reviews or rankings.