Frequently Asked Questions

How do crypto fees work?

Crypto Miner’s Fee and Deposits

When depositing Crypto, be aware that there is a miner’s fee associated with the transaction. While this fee is generally quite inexpensive, it is still a necessary addition to cover the cost of processing the transaction on the blockchain.

The miner’s fee is just a fraction of what you would typically pay for other payment options, such as international bank transfers. However, when sending Crypto, you need to include the miner’s fee on top of the amount you want your recipient to receive.

It’s important to note that the miner’s fee may vary depending on the number of pending transactions at a given time – the more transactions, the higher the fee. This is because miners prioritize transactions with higher fees, and the increased demand for processing can drive up fees temporarily.

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