How to calculate the iToken cold wallet handling fee?

iToken cold wallet handling fee mainly includes two parts: transfer handling fee: network handling fee, platform handling fee, withdrawal handling fee: network handling fee, platform handling fee, mining fee

iToken cold wallet handling fee calculation

The handling fee involved in the use of iToken cold wallet is mainly divided into two parts: transfer handling fee and withdrawal handling fee.

1. Transfer fee

Transfer fee refers to the fee that needs to be paid when transferring crypto assets from one address to another in the iToken cold wallet. Transfer fees are usually made up of two parts:

• Network fee: This is a fee charged by the network (such as the Bitcoin or Ethereum network) for verification and processing trade. The amount of network fees depends on network congestion and the selected transaction speed.
• Platform handling fee: This is an additional fee charged by the iToken cold wallet to cover its operation and maintenance costs. The platform handling fee of iToken cold wallet is usually a fixed amount, which has nothing to do with the transfer amount.

Total transfer fee = network fee platform fee

2. Withdrawal fee

Withdrawal fee refers to the encryption The fee you need to pay when withdrawing assets from the iToken cold wallet to an external address. Withdrawal fees usually include the following components:

• Network fees: Same as described in transfer fees.
• Platform handling fee: The withdrawal fee charged by iToken cold wallet is similar to the transfer platform handling fee.
• Mining fee: This fee is charged by miners to process and verify withdrawal transactions. The amount of the mining fee usually depends on the withdrawal amount and network congestion.

Total withdrawal fee = network fee, platform fee, mining fee

Please note that the specific transfer and withdrawal fees may vary depending on the version of the iToken cold wallet and the selected Varies depending on the type of crypto asset and network conditions. It is recommended to check the official fee schedule of iToken cold wallet for accurate information before making any transactions.

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