How to transfer coins from Cobo and how many coins need to be deducted

Transmitting coins from Cobo requires deducting gas fees, including: Gas fees are required for transfers, and the fees are charged by miners. Gas fees are calculated based on transaction type, network congestion, and gas price. Cobo will automatically calculate the gas fee and display the actual amount after deduction.

How to transfer coins from Cobo, deducting fees

If you want to transfer coins from Cobo, gas fees need to be deducted. Gas fees are fees for transaction processing on the Ethereum network and are charged by miners.

Transfer steps:

1. Open Cobo APP and log in to your account.
2. Click "Assets" and select the currency you want to transfer out.
3. Click "Transfer" and enter the payment address and transfer amount.
4. Confirm that the transfer information is correct and click "Confirm".

Handling fee calculation:

Gas fee is calculated based on the following factors:

• Transaction type: Transfers generally require lower gas fees than smart contract interactions.
• Network congestion: The more congested the network, the higher the gas fee.
• Gas Price: Users can choose different Gas prices, and higher Gas prices can speed up transactions.

Gas fee is measured in Gwei, 1 Gwei equals 0.000000001 ETH. Cobo will automatically calculate the gas fee based on the current network conditions.

During the transfer process, you will see the actual amount received after deducting gas fees. Gas fees will be transferred directly to miners.

Please note:

• Gas fee is non-refundable.
• Please make sure to enter the correct payment address, an incorrect address may result in loss of coins.
• In times of network congestion, transactions may take longer to complete.

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