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Are there any fees for transferring money from TokenPocket cold wallet? How are the fees calculated?

Elizabeth
ElizabethOriginal
2024-09-27 09:37:02629browse

TokenPocket cold wallet transfer requires handling fees, including network handling fees (miner processing fees) and platform handling fees (0.005~0.01 BNB). Fees are affected by network congestion, transfer amount and the chosen blockchain network.

Are there any fees for transferring money from TokenPocket cold wallet? How are the fees calculated?

TokenPocket cold wallet transfer fee

Are there any handling fees for cold wallet transfer?

Yes, TokenPocket cold wallet transfer requires a fee.

How is the handling fee calculated?

TokenPocket cold wallet transfer fee consists of two parts:

  • Network fee: Depends on the blockchain network being transferred, Typically charged by miners to process transactions.
  • Platform handling fee: TokenPocket charges a small handling fee, usually between 0.005~0.01 BNB.

The specific calculation formula is as follows:

Handling fee = Network handling fee Platform handling fee

Factors affecting handling fee

Factors that affect transfer fees include:

  • Network congestion: When the network is congested, miners usually charge higher fees. Prioritize transactions.
  • Transfer amount: The larger the transfer amount, the higher the network handling fee is usually.
  • Chosen blockchain network: The network fees of different blockchain networks vary greatly. For example, fees on the ETH network are generally higher than on the BSC network.

Note:

  • The handling fee is non-refundable.
  • Before transferring coins, it is recommended to check the network congestion at the time and adjust the transfer amount or choose a different blockchain network as needed.

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